Shagil case: HC upholds lower court order

“Victor Bruzo and Benedicta Bruzo based in Switzerland had started a watch spare parts company at Deralakatte where they had 74 per cent of its stake. Shailesh Kumar was their partner. However, Kumar and Narayan allegedly forged the documents and got Rs 3 crore loan from a bank mortgaging the company property. A criminal case had been filed in the CJM court,” stated advocate P P Hegde, who argued in favour of the complainants.

The Bruzos had filed one more private case in the CJM court complaining that the accused had transferred shares worth Rs 3.22 crore to others by forging their signatures. The court had accepted the case and asked the accused to appear before it. However, the accused had questioned the order in the High Court.

Now, the HC has quashed their appeal and asked them to appear before the CJM court on November 23. Besides, it has asked the court to complete the inquiry within four months since the complainants are foreigners, stated Hegde in a release.