Gravis Computers pays court Rs 17 lakh

By : |May 31, 2009 0

NEW DELHI, INDIA: Progressive Channel Association of IT (PCAIT) is gearing up for the next hearing of the state versus Sanjay Gupta case, which was filed by PCAIT members in Feb 2006.

Gupta of Gravis Computers had allegedly duped the channel community of Rs 2 crore, of which around Rs 40 lakh was the amount owed to PCAIT members.

Giving an update on the case, V Krishnan, Executive Secretary, PCAIT stated, “The appeal filed by Gupta is coming up on Oct 14. The case is in the lower court of AD Magistrate Naveen Kumar and a hearing has been fixed for June 25, 2009. This is just for appearance of Gupta and for the Economic Offenses Wing (EOW) officer to produce certain original documents. Only after the appeal in the sessions court is rejected will the trial at the lower court resume.”

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Krishnan and Ashok Taneja, Executive Council Member, PCAIT have been appointed by the association as representatives at the court and to follow up on its course.

Saket Kapur, General Secretary, PCAIT said, the case would stand as a reminder to all the people thinking of committing such crimes of the consequences of doing so.

Gupta had got out on bail after he gave a fixed deposit of around Rs 17 lakh to the court. “The court has managed to get about 50 percent of the money owed to PCAIT members back from Gupta. The money has not yet been returned, but PCAIT members are ready to fight out the case till the end,” said Kapur. Besides, they will also get interest on their amounts, depending on however long the case takes to be solved.

Krishnan shared that the association would move the court to get the money released and distributed among the members who had lost their money.

“Though the trial will continue and may take a few years, we are hopeful that within one year the money that has been deposited with the magistrate should be released,” added Krishnan.

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