A Kolkata IT company MD and CEO has been arrested for allegedly forging documents of Quick Heal Technologies to claim substantial share holding in the company.
Pune-based software security company Quick Heal filed a first information report (FIR) with the Shivaji Nagar Police Station, Pune, on 23rd February 2016 against Manohar Malani, CEO and MD of NCS Computech Limited, Kolkata, and others for cheating, forgery and criminal intimidation under various sections of the Indian Penal Code.
Malani had earlier complained to SEBI just before the listing of Quick Heal claiming that he along with his family members had been allotted 20,000 share of Quick Heal in the year 2000. This information has not been disclosed, Malani alleged.
Quick Heal had countered Malani claims and clarified that the Company had never allotted any equity shares to him and others at any point in time and it would continue to take all steps necessary to safeguard its shareholders’ interests and ensure that the Claimants / Accused are prosecuted to the fullest extent of the law.
Based on Quick Heal FIR, the police investigated and now arrested Malani, the company said in its filings at stock exchanges.
A team of police personnel, from Shivaji Nagar, Police Station, Pune, brought him to Pune on a transit warrant issued by a Kolkata Court. Malani was produced before the court of a First Class Judicial Magistrate, Pune which remanded him to police custody till today which now has been extended till the 16th.