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Court granted CBI to conduct polygraph test on 10 new suspect including Mr Mhaiskar of IRB Infrastructure Developers Ltd
The court of Additional Sessions Judge S M Shinde on Wednesday granted permission to the Central Bureau of Investigation (CBI) to conduct polygraph tests on 10 new suspects, including managing director of Ideal Road Builders (IRB) Infrastructure Developers, director of Sable-Waghire company and six personnel of Pune rural police, this week in the RTI activist Satish Shetty murder case.
The police official who will undergo the tests had investigated the case before it was handed over to the CBI. The CBI produced IRB managing director Virendra Dattatray Mhaiskar (40), director of Sable-Waghire Nitin Sable (49), Bhausaheb Andhalkar (55), then police inspector of the local crime branch, and seven other suspects, including an accused, before the court to seek permission for the test.
These names were mentioned by Sandeep Shetty, brother of deceased Satish Shetty, in his FIR. Additional Superintendent of Police (CBI) S P Singh had filed an application, through special public prosecutor Ayub Pathan, for the permission. The other names include Police Inspector Sunil Tonpe (46), Assistant Police Inspector Namdeo Kauthale, Head Constables Ramesh Gabaji Nale and Sahaji Ramchandra Athawale, Police Naik Rajendra Mirghe, retired constable Kailash Labade, all attached to Pune rural police, and arrested accused Shyam Dabhade.
In its application, the CBI stated that it is necessary to subject the 10 new suspects to polygraph tests to unearth larger conspiracy, involving influential persons, behind the January 13, 2010 murder. The judge granted the permission after each of the suspects and the lone accused showed willingness to take the test.
The State Anti-Corruption Bureau (ACB), Pune, on Wednesday filed a case of disproportionate assets (DA) against Andhalkar at Chatuhshrungi police station. According to the ACB, Andhalkar has assets of Rs 1.57 crore which is 95% more than his legal source of income.
Outlook : We believe this is negative development against the company’s growth prospect since Mr. Virendra Mhaiskar is the key personnel in driving the business. We would keenly watch on the development of the case and its impact on the organization . Presently we had BUY rating on the stock. We value IRB based on SOTP and maintain our FY12E TP of Rs216. We use DCF to derive NPV of each of the BOT assets
The police official who will undergo the tests had investigated the case before it was handed over to the CBI. The CBI produced IRB managing director Virendra Dattatray Mhaiskar (40), director of Sable-Waghire Nitin Sable (49), Bhausaheb Andhalkar (55), then police inspector of the local crime branch, and seven other suspects, including an accused, before the court to seek permission for the test.
These names were mentioned by Sandeep Shetty, brother of deceased Satish Shetty, in his FIR. Additional Superintendent of Police (CBI) S P Singh had filed an application, through special public prosecutor Ayub Pathan, for the permission. The other names include Police Inspector Sunil Tonpe (46), Assistant Police Inspector Namdeo Kauthale, Head Constables Ramesh Gabaji Nale and Sahaji Ramchandra Athawale, Police Naik Rajendra Mirghe, retired constable Kailash Labade, all attached to Pune rural police, and arrested accused Shyam Dabhade.
In its application, the CBI stated that it is necessary to subject the 10 new suspects to polygraph tests to unearth larger conspiracy, involving influential persons, behind the January 13, 2010 murder. The judge granted the permission after each of the suspects and the lone accused showed willingness to take the test.
The State Anti-Corruption Bureau (ACB), Pune, on Wednesday filed a case of disproportionate assets (DA) against Andhalkar at Chatuhshrungi police station. According to the ACB, Andhalkar has assets of Rs 1.57 crore which is 95% more than his legal source of income.
Outlook : We believe this is negative development against the company’s growth prospect since Mr. Virendra Mhaiskar is the key personnel in driving the business. We would keenly watch on the development of the case and its impact on the organization . Presently we had BUY rating on the stock. We value IRB based on SOTP and maintain our FY12E TP of Rs216. We use DCF to derive NPV of each of the BOT assets
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