Wednesday, 5 September 2018
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 by using the SFIO for allegedly siphoning off Rs 2,500 crore of public funds. The apex court turned into listening to an SFIO plea to stay the Delhi High Court order within the case. The SFIO had in advance said Singal is accused of siphoning off Rs 2,500 crore of public budget, and his release will motive grave damage to the research, which has reached an advanced stage. It had sought a live at the excessive court order, claiming that the accused usurped public cash taken through bank loans.Dailyhunt
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