Scam accused transfers 2.69 cr into escrow a/c

Nashik: Varsha Satpalkar, the prime accused in the Maitreyi Plotters Pvt Ltd financial scam, has transferred Rs 2.69 crore in the escrow account to repay the duped investors.
The accused was produced before the district and sessions court on Monday after her judicial custody that was extended on March 23 ended. The court extended the interim bail of Satpalkar by two months.
The accused shared a detailed plan on repaying the investors through liquid assets, which would be converted into cash in the escrow account.
Satpalkar, the prime accused in the Rs 1,300-crore financial scam, assured the local court on April 5 to repay the money of some investors by transferring liquid assets into escrow account. Various investors were allegedly duped through 20 investment companies set up across the country.
The accused has allegedly duped 21 lakh investors across various parts of the country over a period of five years.
An official of the Economic Offences Wing said as agreed, the accused transferred Rs 2.69 crore into escrow account. "Over 2,200 complainants have approached the police till date. They have been duped of Rs 4.75 crore but would be benefited. Satpalkar has also requested the police to issue NOCs to allow properties at Pathardi Phata, Pune and Nagpur to be sold, which would fetch more money that could be repaid to the depositors," he said.
The money has been transferred into escrow account through cash from 125 bank accounts by selling shares and debentures as well converting other assets into liquid assets over the last 15 days.
The EOW official said a list of such complainants would be shared so that them can receive money.
He said the accused would now be produced before the court on June 20. The police are in the process of recovering money of the depositors, who invested large sums.