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Conditional Bail for Manjunath Gowda

Published: 31st October 2014 06:04 AM  |   Last Updated: 31st October 2014 06:04 AM   |  A+A-

SHIMOGA: The Second JMFC Court granted conditional bail to Karnataka Apex Bank chairman R M Manjunath Gowda and two others accused in the multi-crore gold loan scam on Thursday.

The two others released on bail include general manager of Shimoga District City Cooperative (SDCC)Bank Nagabhushan and branch employee Geetha.

Judge Vijaykumar Rai granted the bail to the trio as CID failed to file chargesheet against them in the court.

The judge has directed all the three to furnish a personal bond of `5 lakh besides two sureties for the same amount.

The court further  directed the three of them not to leave the state and directed them to cooperate with the investigation officer, when needed.

They were also directed not to tamper with evidences under any circumstance.

The counsels of the accused Madhu, Ashok G Bhat and Sripad Rao argued that their clients should be granted bail under section 167 (2) of the CrPC as the CID failed to file chargesheet against them within 90 days.

Admitting this, the judge issued bail orders. Meanwhile, CID filed an application before the court seeking some more time to file the chargesheet against the three accused.

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