Jul 4, 2013
BANGALORE: Stockbroker Ripon Malhotra, 54, who committed suicide after alleging that some top cops of the city were demanding Rs 7 crore from him, appeared to have been under intense police pressure in the last couple of days before his death, sources privy to the developments revealed.
|DCP D Devaraj|
But what's intriguing is why the CCB police turned the heat on Malhotra as late as June 26 when duped investors had lodged a complaint against him as early as February 18. A FIR was registered in this regard on February 18. In fact, the city police commissioner's office had transferred the case from the Whitefield police to CCB on April 3.
A Times of India check with authoritative police sources revealed the sudden action on the Malhotra front came after a veteran politician from Davanagere mounted pressure on a senior city police officer.
"The politician's son is said to have invested crores of rupees with Malhotra. Following his downfall, Malhotra began to lie low, which irked the politician's son. He brought the matter to the notice of his father, who directed the top police officer to retrieve his son's investment," the sources said.
Responding to a TOI report that the city police had got Malhotra to issue blank cheques to chosen investors, after which the accounts were cleaned out, Devaraj said, "We never took blank cheques from him. Instead, one of our inspectors gave Malhotra Rs 2,000 when he said he had no money for food also. Malhotra texted a message to the inspector, thanking him for his gesture."
Devaraj also denied that the police trip to Mumbai was financed by select investors. "The inspector who travelled will get his expenses reimbursed by the department, while Malhotra purchased his ticket using his debit card."