Category: IndResearch

Nitin Mangal is an equity analyst who wrote the IndiaBulls Report for Veritas last year.

According to FE,

The co-author of the 105-page report on the Indiabulls Group has already been subjected to more than 100 hours of grilling by the police in Mumbai. On Monday, the Bombay High Court directed Mangal to be present before the cyber crime investigation cell of the Mumbai Police later this week. While the court told Mangal to cooperate with the investigation, it continued with the interim relief that bars the police from arresting the analyst who has shifted, with his family, to Indore ever since the court battle began.

 

According to the first information report, Mangal along with Monga and Veritas has been charged under Section 384 (punishment for extortion), Section 500 (defamation), Section 506 (criminal intimidation) and Section 120B (criminal conspiracy) of the Indian Penal Code, and Sections 66A and 75 of the Information Technology Act.