CBI obtains NBW against TV actor Anuj Saxena

In an FIR against Saxena, it is alleged that Elder Pharmaceuticals bribed Bansal to ensure he did not order a Serious Fraud Investigation Office (SFIO) inspection against him. Recorded conversations in possession of the CBI allegedly suggested that a bribe was paid to Bansal on Saxena’s instructions.

Bansal, who was facing a CBI probe for alleged corruption, and his son committed suicide on September 27, a little over two months after his wife and daughter hanged themselves.

Saxena has failed to appear before the CBI, despite being summoned multiple times in connection with the investigation.

Elder Pharma has defaulted on fixed deposit payments of Rs 155.17 crore to at least 23,000 small investors and is facing multiple winding up petitions in the Bombay High Court and the Company Law Board (CLB) in Mumbai and New Delhi for the last two years. The company owes Rs 1,514.84 crore to depositors and investors.

According to the CBI, the company had allegedly lured investors by offering attractive rates of interest ranging from 9.5 per cent to 11.5 per cent on deposits ranging from a 12-36 month period. The Registrar of Companies (RoC) has received over 1,000 complaints from investors about non-payment of matured deposits by the firm.