Archive · 26 Oct 2025
Hemant Gupta Denied Bail in ₹1.78 Crore Cheating Case
A 68-year-old man named Hemant Gupta was denied bail by a court in Mumbai.
He is accused of cheating Sajid Malik, who lost ₹1.78 crore.
Gupta was a director at a company called Astitva Capital, where Malik's shares were allegedly misused.
Malik was convinced by Arora and Sharma to transfer his shares to Astitva Capital, with promises of good profits.
Gupta claimed he wasn't involved in daily activities, but the court found evidence of his involvement.
Gupta also cited health issues, but the court rejected the plea.
Hemant Gupta, former director of Astitva Capital, was denied bail.
The case involves a cheating complaint by Sajid Malik for ₹1.78 crore.
Malik was allegedly convinced to transfer his shares to Astitva Capital.
Malik's shares were reportedly misappropriated.
The court cited Gupta's active involvement in the crime.
- Who
- Hemant Gupta, Sajid Malik, Rohit Arora, Yadvendra Sharma
- What
- Bail denied in a cheating case involving misappropriation of funds.
- When
- Gupta was arrested on September 23.
- Where
- Mumbai, Delhi
- Why
- The court found Gupta was actively involved in the crime.
- Accused
- Hemant Gupta
- Age
- 68
- Company
- Astitva Capital Market Pvt Ltd
- Complainant
- Sajid Malik
- Amount
- ₹1.78 crore
- Location
- Bandra police station
Sources
‘Further probe required to ascertain active role’: Court refuses pre-arrest bail to Arun Gawli’s son in cheating case
Mumbai Sessions Court Denies Anticipatory Bail To Gangster Arun Gawli’s Son Mahesh Gawli In Cheating Case
