Pramod Kumar seeks bail in Paazee case

CHENNAI: Suspended IGP (Armed Police), Pramod Kumar, who has been arrested in connection with the Paazee Forex  Limited case in Tiruppur, has moved the HC seeking bail. Vacation judge T M

Published: 17th May 2012 02:24 AM  |   Last Updated: 02nd June 2012 10:25 PM   |  A+A-

CHENNAI: Suspended IGP (Armed Police), Pramod Kumar, who has been arrested in connection with the Paazee Forex  Limited case in Tiruppur, has moved the HC seeking bail. Vacation judge T Mathivanan, before whom the application came up for hearing today, directed the CBI to file its counter by May 30.

The specific charge against Kumar, the then IGP, West Zone, Coimbatore,  was that he had extorted Rs 2.85 crore from the three directors of Paazee, which cheated thousands of its depositors to the tune of Rs 650 crore, to protect them.

In his bail application, Kumar said the CBI had interrogated him for five days. The police custody was over. He was now in judicial custody. He had been in jail for nearly a fortnight. If released on bail, he would abide by any condition that may be imposed by the court.

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