Court rejects Samsung ex-VP's bail plea

NEW DELHI: A court here rejected Samsung India's former vice president Vivek Prakash's plea for anticipatory bail in a case related to financial irregularities.

Samsung India had in March, filed a complaint alleging financial irregularities against Prakash with the Economic Offence Wing of the Crime Branch.

Prakash moved the court for anticipatory bail in May, which was turned down yesterday.

“Yesterday, the court rejected his plea for anticipatory bail,” an informed source, who requested anonymity, said.

Incidentally, Rajender Singh Sahu, a co-accused in this case was arrested in May. “R.S Sahu was a co-accused in this case and worked with Samsung as an accountant, the police arrested him in May,” the source added.

Prakash could not be reached for comments.

After leaving Samsung India, Prakash joined Kobian Worldwide operations as director (Sales & Marketing). He is also the CEO of Kobian India operations.

Source: DQ Channels