The Telegraph
Since 1st March, 1999
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One more held in CSE scam case

Calcutta, Nov. 1: Calcutta Police have arrested Vinod Dalmia—a close associate of broker Ashok Kumar Poddar—on Thursday evening. Dalmia was produced in court today and remanded to police custody till November 12.

Seven others arrested earlier—K. K. Daga, Harish Chandra Biyani, Ramesh Chandra Biyani, Raj Kumar Jain, Vijay Singhania, Gopal Singhania and Basudeo Singhania—were remanded to judicial custody till November 15. The police have however not been able to lay their hands on Poddar and his family, the key defaulters in the payment crisis that hit the CSE early last year. They are believed to be hiding in Rajasthan.

Vinod Dalmia, the twelfth accused to be arrested in this case, is the first person detained for links with the Poddars.

Besides the Poddars, the police are on the lookout for Dinesh Dalmia—promoter and managing director of DSQ Software—and Dinesh Kumar Singhania—former president of the Calcutta Stock Exchange (CSE) and one of the biggest defaulters.

In a related development, the police today examined M. Ramesh, former employee of the surveillance department of the Stock Holding Corporation of India Ltd (SHCIL)—the country’s largest depository participant.

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