The FIR registered by police on charges of abetment to suicide in art director Nitin Desai’s (in picture above) suicide names Rashesh Shah, non-executive and non-independent director of Edelweiss Asset Reconstruction Company (ARC), and its managing director and CEO, Raj Kumar Bansal, as accused, among others. Three others named as accused are Keyur Mehta and Smit Shah of ECL Finance, a subsidiary of Edelweiss, and Jitendra Kothari, the administrator appointed by the National Company Law Tribunal (NCLT) as interim resolution professional.
Nitin Desai’s widow, Neha Desai, has accused the officers of Edelweiss ARC of pressurising the art director for repayment of loan, which along with interest had amounted to more than Rs. 200 crore.
