rediff.com
rediff.com
News
      HOME | NEWS | REPORT
January 9, 2001

NEWSLINKS
US EDITION
COLUMNISTS
DIARY
SPECIALS
INTERVIEWS
CAPITAL BUZZ
REDIFF POLL
THE STATES
ELECTIONS
ARCHIVES
SEARCH REDIFF






Rediff Shopping
Shop & gift from thousands of products!
  Books     Music    
  Apparel   Jewellery
  Flowers   More..     

Safe Shopping

 Search the Internet
           Tips
E-Mail this report to a friend
Print this page

Police may freeze Bharat Shah's bank accounts

NetScribes/Niranjan Prakash

The Economic Offences Wing of the Bombay police plans to freeze the bank accounts of diamond trader and film financier Bharat Shah, who was arrested on Monday for his alleged links with the underworld.

"The EOW will freeze Bharat Shah's accounts soon. The nitty-gritty of the paperwork will be completed by Wednesday evening. The magistrate's go-ahead is just a formality," D G Awate, Additional Commissioner of Police (crime), with joint charge of economic offences, told NetScribes.

On Tuesday, police raided Shah's offices at Grant Road and Charni Road, his Napean Sea Road residence and offices of the B4U channel in which he has a major stake.

"We now have enough evidence to seek freezing of his bank accounts," Awate said.

Meanwhile, the Indian Motion Picture Producers' Association has convened a meeting on Thursday to discuss the repercussions of Shah's arrest on the film industry.

"His arrest has shaken not just the distributors, but everybody, right down to the junior artiste suppliers," said Tarun Adarsh, trade analyst and editor of Trade Guide.

EARLIER REPORTS
Shah admitted to hospital: PTI
Mafia doesn't fund anyone: Bharat Shah
Film financier Bharat Shah questioned
Bharat Shah moves special court
Producer Nazeem Rizvi confesses to underworld links

ALSO SEE
I spoke to Bharatbhai this morning. I'm shocked!: Ghai
'I bet only on a good director'

Back to top

Tell us what you think of this report

HOME | NEWS | CRICKET | MONEY | SPORTS | MOVIES | CHAT | BROADBAND | TRAVEL
ASTROLOGY | NEWSLINKS | BOOK SHOP | MUSIC SHOP | GIFT SHOP | HOTEL BOOKINGS
AIR/RAIL | WEDDING | ROMANCE | WEATHER | WOMEN | E-CARDS | SEARCH
HOMEPAGES | FREE MESSENGER | FREE EMAIL | CONTESTS | FEEDBACK