Metropolitan magistrate K S Mohi remanded Sharma, who was arrested here on June 3 by the economic offences wing of Delhi police, to judicial custody till June 23 after he was produced before him.

Sharma was arrested following a complaint filed by an investor alleging that he alongwith three of his relatives and friends had deposited Rs 18 lakh in various schemes of the group after seeing its attractive advertisements.

Police said, during interrogation, it was ascertained that Kuber group of companies has assets worth crores of rupees including three buildings, 30 flats and 250 acres of land in south Delhi, apart from a commercial plot in Patparganj industrial area in east Delhi, three buildings in Mumbai and other properties in Meerut and Lucknow.

Meanwhile, a woman investortoday filed a complaint with Tilak Marg police station alleging that she was beaten by some supporters of Sharma when she wanted to meet him in the court premises.

The investor, Tripta Sharma, alleged that she had deposited Rs 5 lakh, which she had got from the government after her husband's death, in various schemes of the group in 1995 as she was assured of high returns from the investments.

In a similar development, a Delhi court on Tuesday granted bail to V K Sharma, chairman-cum-managing director of the JVG group of companies, which had allegedly duped investors to the tune of Rs 425 crore, in seven cases against him.

Additional sessions judge S C Mittal granted Sharma bail on a personal bond of Rs 1 lakh and a surety of the like amount while directing him not to leave the country without court's permission and tamper with evidence.

Sharma, who had been in judicial custody since November 19 last year, had sought bail on health ground claiming that he was suffering from "hypertension, angina,chest pain".

Sharma's counsel had submitted that the accused was granted interim bail by a metropolitan magistrate on May 27 in a case of similar nature but had failed to avail it as he was arrested in connection with other cases.

The counsel claimed that the group companies had no "intention" to cheat investors as the group had refunded a Rs 335 crore to investors prior to prohibitory orders imposed on these companies by the Reserve Bank of India.