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Bail plea verdict today
Published on 27 Jul. 2010 1:00 AM IST
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District Court, Mokokchung is expected to pronounce its verdict Tuesday on bail plea by defence lawyer of Specular North East (SNE) manager R.K Nath a.k.a Shambu Das, who has been accused of defrauding investors by SNE Nagaland branch employees.According to employees of SNE Nagaland branch, hearing for bail plea by defence lawyer was carried out today. R.K Nath a.k.a Shambu Das, the sole managing authority of SNE Guwahati, was arrested under the criminal offence of section – 403/406/419/420/422/506, the employees of SNE Nagaland said in a statement. It has appealed to the court not to release the accused under any circumstances from the police custody until “dire justice” was done for the all Nagaland SNE employees and depositors. Stating that accused was brought to police custody with much difficulty and lots of expenses borne by employees of SNE, they queried if he was released before justice delivered and go at large before justice served, who would take the responsibility for the liabilities amounting to about Rs. 80 lakh that he owed to 250 employees and 7000-8000 depositors. The employees said if the court did not provide required justification, under which he was booked, and the accused released, they would not be responsible to any of the liabilities owed by the accused and whatever happened after the court’s final verdict. They further appealed to the court to look into the matter with deepest sincerity and justice.

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