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Anuj Saxena arrested for duping investors of Rs 141 crore

The court accepted the contention of the EOW that Saxena as COO may have the knowledge of the alleged cheating.

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Deccan Chronicle

Actor and Chief Operating Officer (COO) of Elder Pharmaceuticals Anuj Saxena was arrested by the city Economic Offences Wing (EOW) for allegedly duping to an amount of RS 141 crore.

Reports further suggest that the EOW sought Anuj Saxena’s custody to probe his role as COO of the company but he opposed the plea on grounds including that he is a medical practitioner and has a company that manufactures kits and sanitisers required during the ongoing Covid-19 pandemic.

The court accepted the contention of the EOW that Saxena as COO may have the knowledge of the alleged cheating.

“…entire prevailing circumstances may be in exclusive knowledge of this applicant/accused holding higher post in the company, which has to be explored by the investigating officer during the course of investigation… Even though he is a medical practitioner and in this Covid-19 situation is manufacturing kit, sanitiser etc., but we cannot overlook the fraud which was committed by duping gullible investors,” Special Judge Abhijeet Nandgaonkar said, directing Saxena to be sent to the EOW’s custody till Monday.

Keep reading this space for further updates. Saxena is best remembered for his role in the show Kkusum.

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