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Sharma, wife arrested for alleged FERA violations

Directors of First Global Shankar Sharma and his wife Devina Mehra were arrested late on Monday night for alleged FERA violations during the recent stockmarket scam.

Sharma and his wife, who had come to the capital recently, were picked up from their Chittaranjan Park residence in the wee hours on Monday and were subjected to intense questioning by Enforcement Directorate sleuths following which the couple was placed under arrest, sources said.

Sharma, a leading stock broker, is alleged to have violated the provisions of FERA during the stock trading in March.

First Global shot into prominence after the defence scandal expose by Tehelka.com, the news portal in which Sharma and Mehra hold 14.5 per cent stake.

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