STOCK MARKET BSE NSE

Demonetised currency conversion: 5 get bail

In a case registered by the Central Bureau of Investigation (CBI) with regard to conversion of demonetised currency, the Karnataka High Court on Monday granted anticipatory bail to five accused.

Published: 24th July 2018 05:37 AM  |   Last Updated: 24th July 2018 05:37 AM   |  A+A-

Karnataka High Court (File Photo |EPS)

By Express News Service

BENGALURU: In a case registered by the Central Bureau of Investigation (CBI) with regard to conversion of demonetised currency, the Karnataka High Court on Monday granted anticipatory bail to five accused, including the former personal assistants of Water Resources Minister D K Shivakumar and Member of Parliament D K Suresh.

Justice Sreenivas Harish Kumar granted anticipatory bail on the grounds that the accused have been cooperating with the investigation by appearing before the CBI seven times. The accused are B Padmanabhaiah, former personal assistant to D K Suresh and S Sheshagiri, a retired government servant, who was the personal assistant to D K Shivakumar. The other accused whose anticipatory bail pleas were allowed included Shivananda, Thimmaiah and Padmarekha.  

The accused moved the High Court for advance bail as the CBI Special Court rejected their bail pleas on June 29, 2018. According to the CBI, an FIR was registered against B Prakash,Chief Manager, Corporation Bank, Ramanagar, on April 7, 2017. The Corporation Bank officials left the Currency Chest Branch, M.G.Road, Bengaluru on November 14, 2016 along with cash of Rs 12.25 crore and reached Ramanagara Branch.

At the end of operations on that day, the Branch had specified bank notes worth of Rs 10.03 lakh in excess which was not accounted for and discrepancies were found in the relevant register maintained by the bank officials.

Stay up to date on all the latest Karnataka news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp