Special judge (NDPS) Virender Singh rejected the bail plea after considering the circumstances and submissions made by the counsels for accused and Delhi police.
Special Judge (NDPS) Atul Ahlawat to Praveen Kumar subject to conditions including furnishing a bond of Rs. 50000 and two local sureties in the like amount.
Pal was produced before Special Judge Kiran Gupta after the conclusion of his three-day ED custody. The court remanded him to judicial custody till October 29. His application challenging the legality of his arrest is listed for a hearing on October 18.
The Special Judge granted two days' custody of Ashok Kumar Pal, CFO and Executive Director of Reliance Industries, to the ED. He has been arrested in a case involving a fake bank guarantee. He was produced at the residence of the Special Judge by the ED.
A Delhi court has granted the Enforcement Directorate (ED) two-day custody of Ashok Kumar Pal, Chief Financial Officer (CFO) and Executive Director of Reliance Power, in connection with a case involving alleged fake bank guarantees and invoicing.
The matter came up before Special Judge Sudhanshu Kaushik, who, after a detailed appreciation of the prosecution's case and the defence submissions, held that the charges could not be proved beyond a reasonable doubt.
CBI registered the case on March 24 against the said accused. It was alleged that the accused public servant had acquired Disproportionate Assets amounting to Rs 85,06,900/- (146.43%) during the check period, i.e., June 30, 2018, to August 30, 2024.
Special Judge Vishal Gogne heard the arguements on the charge on behalf of Lalu Prasad Yadav and listed the matter tomorrow for further arguements. The court is likely to hear rebuttal arguements by the CBI also.
Counsel for the proposed accused persons appeared through video conferencing pursuant to the notice issued on August 2. Special Judge Sushant Changotra listed the matter for arguements on cognisance on September 20.