ED summons senior advocate Pratap Venugopal over legal opinion given to Care Health Insurance
The
Enforcement Directorate
has summoned Senior Advocate Pratap Venugopal over legal advice given to
Care Health Insurance
on the
ESOP
(employee stock ownership) issued to former
Religare Enterprises
chairperson
Rashmi Saluja
.
Venugopal has now told The Economic Times that the opinion was sought by him in his role as Advocate-on-Record and Partner at K J John and Co., from
Arvind P. Datar
, Senior Advocate.
'I thereafter resigned as a partner with effect from 31.01.2025, when I was designated as a Senior Advocate on 19.01.2025, as required by the Senior Advocates Designation Rules.'
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Sources close to the matter also told ET that no fee was charged by Venugopal from Care Health Insurance.
The summons issued to Venugopal requires him to furnish inter alia all records pertaining to communication between him and Care Health Insurance Ltd (CHIL)/M/s Religare Enterprise Limited (REL) regarding legal opinion for the grant of ESOPs to Dr Saluja after rejection of the grant by IRDAI.
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The summons also required Venugopal to tender details of payments made by M/s CHIL/M/s REL/Associated Entities against the legal services sought. He was asked to appear on June 27 before the ED Assistant Director, Mumbai.
Earlier, ET reported that ED had issued summons to Arvind Datar over his legal advice to Care Health Insurance on the ESOP issued to Dr Saluja. Later, the summons was reportedly withdrawn, following backlash.
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