Bail hearing
Source: The Sangai Express
Imphal, February 03 2023:
Chief Judicial Magistrate, Imphal West has fixed February 13 to hear the application filed by Imphal Police Station for the formal arrest of Sanasam Jacky, chairman of the Lamjingba Group of Companies.
Sanasam Jacky is currently lodged at Manipur Sajiwa Jail after the Chief Judicial Magistrate, Imphal West remanded him to judicial custody for 15 days on January 30 following his arrest by the Enforcement Directorate.
The application was filed by Sub-Inspector of Imphal Police Station to make formal arrest of Sanasam Jacky s/o (L) Kulla of Thoubal Kiyam Siphai.
This was based on a complaint lodged by 15 different persons against Sanasam Jacky and other associates stating that directors of Lamjingba finance ran a fraudulent scheme during the period from 2017 to 2021, a ponzi scheme that promised investors a high return with no little or no risk.
The IO of the case through the Assistant Public Prosecutor appealed to allow the arrest of Sanasam Jacky so as to enable the investigating officers to investigate the case properly.
The Court heard and perused the material on record and observed that the accused was remanded to judicial custody by the same Court in connection with a case taken up by the Enforcement Directorate and the present matter will be heard on production of the accused before the Court and fixed February 13 for hearing.