Stockguru scam: alleged agent seeks bail

One of the prominent agents of Ullhas Prabhakar, the prime accused in the multicrore 'StockGuru' scam, has sought bail from a Delhi court.
Naresh Kharb, an alleged aide of Prabhakar, sought bail from Chief Metropolitan Magistrate Ajay Pandey.
The court had sought a response from Delhi Police on his bail plea.
The matter is now fixed for October 1.
Kharb was arrested in May and has been in custody since then.
Special Public Prosecutor Pramod Dubey said Naresh was one of the prominent agents working for Ullhas and the probe agency had recovered Rs 4 crore from his house during a raid.

He has been charge sheeted for the offences of forgery, criminal conspiracy, criminal breach of trust under the IPC and Section 3, 4 and 5 of Prize Chit and Money Circulation (Banning) Act.

The main accused in the case, Ullhas, and Raksha J Urs, now in judicial custody, were arrested by the Economic Offences Wing (EoW) of Delhi Police on November 10 last year from Ratnagiri in Maharashtra.
They are accused of duping around two lakh investors across seven states of nearly Rs 500 crore by promising them high returns through their firm M/s StockGuru India, dealing in stocks.
Ullhas, 33, from Nagpur in Maharashtra and Raksha, alias Priyanka, 30, from Mysore, allegedly assumed 14 different identities, seven each, police said.

They had posed as doctors, investors, businessmen and ran several fraudulent firms to dupe people, police added.
Police received 14,303 complaints in Delhi but during the probe found there were about 2,05,062 investors who had invested Rs 10,000 or more, adding up to a total of about Rs 493 crore, in M/s StockGuru India.
A case was registered in 2010 but the duo managed to evade arrest by hiding in Moradabad, Dehradun, Alwar, Nagpur and Goa.
Several cases have been registered against them in various cities across India.