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May 9, 2001 		Feedback  
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Kartik gets bail, Ketan Parekh's custody extended till May 21

Leading stock broker, Ketan Parekh, embroiled in the Rs 1.37-billion pay-order scam, and the manager of Madhavpura Mercantile Co-operative Bank's Mandvi branch, J B Pandya were remanded to judicial custody till May 21 on Wednesday.

His cousin, Kartik Parekh, was meanwhile released on bail by a special court on personal bond of Rs 500,000 with surety of like amount.

Kartik was asked to attend CBI office twice a week.

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