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Employees fear directors' arrest might delay payment of salaries

Court sends Ghatkopar's Rasiklal Sankalchand Jewellers directors to police custody till November 18; cops prepare for their interrogation

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The firm owes over Rs 1 crore to its 55 employees as salaries. File pic

The firm owes over Rs 1 crore to its 55 employees as salaries. File pic

While it might be good news for some that two directors of the M/s Rasiklal Sankalchand Jewellers (Pvt) Ltd have been arrested in the over Rs 4,000 crore scam, about 55 employees of the company think otherwise. Without salaries for the past five months and no alternate jobs in hand, the employees are in a fix, and the directors' arrest is making them feel that now it would be all the more difficult to get their dues.

On Tuesday, the Economic Offences Wing (EOW) produced directors Jayesh Raskilal Shah, 55, and Nilesh Rasiklal Shah, 53, before the Esplanade Court, which sent them to police custody until November 18.

Speaking to mid-day, Deputy Commissioner of Police, Shrikant Paropkari said, "During the initial inquiry, the directors were not cooperating with us, hence we had to arrest them. And now that we have got their custody, we will begin the interrogation."

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