SFIO arrests CA for role in demonetisation

Based on specific intelligence, officers of the

Serious Fraud Investigation Office

in collaboration with Mumbai Police arrested Nalin Prabhat Panchal, a chartered accountant, on September 13, for failure to honour the summons issued in connection with the prosecution of

Nityank Infrapower and Multiventures



officers conducted investigation into the affairs of the


for its role during the demonetisation period and launched prosecution against the company and individuals before the special court VIII Addl. Metropolitan Sessions Judge, Hyderabad, according to a statement.

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