Mumbai: The sessions court has refused to grant bail to a 68-year-old man from Delhi, Hemant Gupta, booked in connection with a cheating case registered with Bandra police station. The court noted that he was actively involved in the crime.

Ex-Director Arrested for ₹1.78 Crore Cheating Case

Gupta was arrested on September 23, for being an ex-director of Astitva Capital Market Pvt Ltd, which is accused of cheating the complainant – Sajid Malik, executive director of Genesis International Corp Ltd – and his mother to the tune of Rs1.78 crore. The court said Gupta allegedly received Rs1.20 crore in his account.

Malik had claimed he came in contact with one Rohit Arora in June 2019, who introduced him to Argent Finvest Pvt Ltd, for loan to start share trading. Arora mentioned that a few of

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