Mohali, Nov. 15 -- A district court has dismissed the anticipatory bail plea of the managing director of a film production company accused of cheating investors of Rs.1 crore by promising to double their money within a few months.

Additional Sessions Judge Neetika Verma rejected the application filed by Manu Prashant Wig, 47, a resident of Kanpur. The court held that the allegations were serious and custodial interrogation was required.

The case stems from an FIR registered at Zirakpur police station on July 17, 2020, under Sections 406 (criminal breach of trust), 420 (cheating) and 120-B (criminal conspiracy) of the Indian Penal Code. Complainant Ashok Kumar Kalra had named Wig, Ashok Wij, Harjit Singh, Pankaj Goyal and Priyesh Sinha....