Replied 13 July 2007
The Chandigarh Police today recovered the weapon and blood-stained clothes of Kanav Arora and Mandeep Singh, who murdered city-based chartered accountant Rajesh Goel on Tuesday.
Investigations revealed that gobbling up the profit earned during the sale of shares worth Rs 5 crore led to the murder of the chartered accountant. The deceased had invested the money on behalf of his client, Iqbal Singh Sabhwal, through share broker Kanav Arora, the main accused.
Seeing easy money coming their way, the broker, instead of returning the amount of Rs 1.90 crore earned from the sale of bonus shares, further invested a part of the amount, which resulted in a loss of Rs 25 lakh.
When the CA put pressure on the broker to return the bonus share money, the accused hatched a conspiracy to eliminate him.
Rajesh Goel was a financial consultant for Iqbal Singh, who runs a company, Sehaj Subhav. For his client, Goel purchased 77,300 shares of HCL Technologies through Kanav. At the closing of the financial year, the company gave bonus at 1:1. After selling the first lot of 77,300 shares, Kanav transferred the bonus shares (77,300) in the name of his employee Shiv Kumar and sold those. For this he used a transfer vouchre signed by Iqbal Singh.
Talking to TNS, DSP (South) KIP Singh said they had found the murder weapon and blood stained clothes of the killers.
The Santro car (CH03-A-2064) used in the crime belonged to Ishwinder Singh, another accomplice. He bought the car from Kanav’s mother, Krishna Arora, on November 30, 2006 for Rs 1,85000.
Chartered accountants of Chandigarh, Panchkula and Mohali closed their offices as a mark of respect to the departed soul. Expressing concern over the security of members of The Institute of Chartered Accountants of India, the chairman, Chandigarh branch, Balwinder Singh, said the media and the judiciary should make efforts that justice prevailed.