Bhushan Steel former promoter Neeraj Singal to remain out on interim bail; SC transfers case to itself

Bhushan Steel former promoter Neeraj Singal to remain out on interim bail; SC transfers case to itself The Delhi High Court had on August 29 granted bail to Singal, arrested with the aid of the SFIO for allegedly siphoning off Rs 2,500 crore of public funds. The apex court was hearing an SFIO plea to stay the Delhi High Court order inside the case. The SFIO had in advance stated Singal is accused of siphoning off Rs 2,500 crore of public budget, and his launch will purpose grave damage to the investigation, which has reached a sophisticated stage. It had sought a stay at the excessive court order, claiming that the accused usurped public cash taken through bank loans.Dailyhunt http://www.dead.net/member/juccepizzas

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