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Money > PTI > Report January 9, 2002 1225 IST |
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HC rejects Shankar Sharma's bail plea in FERA caseThe Delhi high court on Wednesday rejected the bail application of First Global chief Shankar Sharma who has 14.5 per cent stake in news portal Tehelka.com, in a FERA case.
Dismissing the bail application, Justice S K Agarwal rejected the contention of Sharma's counsel that the First Global Chief was being harassed because of his links with Tehelka.com. The court said the investigation against him was initiated in Mumbai on March 7 last year, about a week before the Tehelka expose.
If released on bail at this stage, the entire investigation process by Enforcement Directorate would be hampered, the court observed. YOU MAY ALSO WANT TO READ:
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