Harshad plea rejected

The appeals filed by Harshad P Mehta and his relatives were dismissed by Justice J Eswara Prasadchairman and Kamlesh Shuklamember holding that Mehta has caused transfer of huge amounts out of the country in conspiracy with others.

The contention of the Counsel for the appellants that Mehta8217;s properties cannot be forfeited as he was not a detenue and that the properties of hisrelatives cannot be forfeited as they are not the relatives or associates of the detenues, was not accepted by the tribunal.

It may be noted that Mehta transferred thousands of crores of rupees out of the country through Hawala transactions in conspiracy with seven others who were detained under COFEPOSA.

Movable and immovable properties of Mehta and that of his relatives, worth several crores of rupees were forfeited by competent authority in Mumbai.