Article by Darshana Jamindar
In a multi crore scam of Rs 940 crores, Sunil Kakkad,Managing Director of Sai Info Systems,Ahmedabad based computer firm was arrested from Liberia by Gujarat Police.
Kakkad was produced before Ahmedabad Court where Judicial magistrate H G Pandya remanded him till July 14. SOG-crime branch sought custodial interrogation for two weeks. PI J H Sarvaiya and prosecutor R H Kapadia submitted that Kakkad was absconding and was arrested from Liberia. Remand is needed to get information of money transfer. He has swallowed his employees’s salary for 9 months. It is also required to be investigated whether his family members have created companies and obtained loans from banks across the country.