HC notice to CBI on ex-NALCO chief`s bail plea
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Last Updated: Wednesday, June 15, 2011, 23:30
New Delhi: The Delhi High Court on Wednesday sought a response from Central Bureau of Investigation (CBI) on the bail plea of former National Aluminium Limited Corp (NALCO) chairman-cum-managing director A K Srivastava arrested for allegedly taking bribe from a private firm in return for grant of lucrative contracts.

Justice G P Mittal issued a notice to CBI and sought its reply by July 5 on Srivastava's plea challenging the trial court's order dismissing his bail plea.

Earlier this month, the trial court had rejected Srivastava's bail plea while accepting CBI argument that the probe in the case was still on to establish the role of one Vijay Madni of Hyderabad-based Maheshwari Brothers Ltd who allegedly paid Rs one crore to Srivastava through co-accused B L Bajaj, who is absconding.

CBI had said Srivastava should not be granted bail as the allegations against him are of serious nature and he has to be confronted with Madni.

Srivastava was arrested on February 25 along with his wife Chandani, alleged conduit B L Bajaj and his spouse Anita, after CBI recovered about 10 kg of gold bricks and jewellery valued at around Rs 2.13 crore as also Rs 30 lakh in cash from their possession.

The trial court had on May 18 refused bail to Bajaj while it had granted bail to three other accused in the case, including Bhatia group of industry official Ratan Pal Singh, Chandani and Anita Bajaj saying they are unlikely to flee from justice and tamper with evidence.


First Published: Wednesday, June 15, 2011, 23:30

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