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Going by the company’s regulatory filing, Maheshwari was arrested on June 12, for custom duty evasion worth Rs 14.58 crore “by usage of facility of duty free imports from Bangladesh under South Asian Free Trade Area (SAFTA)” .
At 2.18 p.m., the Future Enterprise’s stocks were trading 5.15 per cent lower at Rs 32.25 apiece, after hitting a low of 29.55 on the BSE.