Margao-based Kamakshi Forex, owned by Nilesh Raikar, is facing serious charges of duping hundreds of Goan investors. The High Court also directed CBI to file a status report of the probe every four months.Earlier this month the High Court had expressed its strong displeasure over the lax probe by the Economic Offences Cell (EOC) of the Goa Police, which has been investigating the scam. Seeking a CBI investigation into the scam, Advocates – Aires Rodrigues and Arun Braz de Sa representing some of the duped investors had pointed out to the court that the Goa Police was hand-in-glove with the politically very influential accused, who had allegedly duped over 800 investors to a tune of over Rs 55 crore.
Last month, EOC, following directions from the High Court, had registered 10 FIRs against Nilesh Raikar, Nilima Raikar and Rekha Raikar under Sections 406, 420, 421, 423 & 120-B of the Indian Penal Code for cheating and breach of trust.
