The Telegraph
Wednesday , March 25 , 2015

ED questions Neotia on Suva company

Calcutta, March 24: The Enforcement Directorate today questioned industrialist Harsh Neotia on his alleged role in arranging for investors for painter Suvaprasanna's company Devkripa Vyapar.

Yesterday, Suvaprasanna had been questioned by the agency about his deal with Saradha chief Sudipta Sen to sell Devkripa Vyapar, the holding company of a news channel that never went on air.

This is the second time Neotia has been questioned by the ED, the last time being in October last year.

Neotia didn't speak to journalists while leaving the ED office in Salt Lake's CGO Complex. Agency sources said he could be called again.

"During interrogation, Suvaprasanna had claimed that Neotia had arranged for investors for his company and so it was necessary to question the industrialist," an ED officer said.

Sources said Suvaprasanna had claimed that almost all the 12 investors who put money in his company in 2009 were introduced to him by Neotia. It was allegedly at the industrialist's behest that they had pumped in over Rs 3 crore in Devkripa Vyapar. Suvaprasanna, the ED sources said, had arranged for another Rs 2 crore through "unsecured loans".

The deal allegedly took place in 2009, three years after Devkripa started functioning. The painter is yet to explain what prompted him to invest in a news channel although in these three years Devkripa had "no visible business activities", according to the registrar of companies.

"The investors, who were reportedly referred to Suvaprasanna's company by Neotia, never got to meet one another since there was no annual general meeting," the ED officer said. "When we asked Suvaprasanna about who handled the finances of the company, he said he had no clue."

Neetu bail

Debabarta Sarkar alias Neetu, an East Bengal club official, was today granted bail by an Alipore court in a Saradha case.

Sarkar, who was arrested on August 20, was granted bail after the CBI apparently failed to explain to the judge why his custody was required even after the supplementary chargesheet was filed.

The hearing of the bail petition of minister Madan Mitra and the cancellation of the bail granted to Srinjoy Bose at Calcutta High Court has been postponed to April 1.

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