Mumbai, Nov. 26 -- A sessions court here has rejected the bail application of Shersingh M. Rathod, arrested for his alleged role in connection with the multi-crore Mithi River desilting scam.
The court in its order, a copy of which was made available today, observed that Rathod played an active role in the conspiracy along with co-accused Ketan Kadam, who allegedly used shell companies to route funds and helped set contract terms in collusion with BMC officials.
Rathod, proprietor of M/s Maindeep Enterprise, is accused of conspiring with Kadam to execute an MoU and agreement to hire machines despite M/s Virgo Specialties Pvt Ltd not possessing the required machinery in January 2021.
He is also alleged to have prepared a fake MoU using fo...