Ranchi: Jharkhand High Court on Saturday granted interim bail to Mumbai-based businessman Arvind Vyas,
arrested a year ago in connection with Madhu Koda scam, till
September 12.
Sanctioning the interim bail plea the single bench of
R R Prasad asked Vyas not to leave the country and be under
the vigil of investigating agencies.
He was asked to pay two bonds of Rs 50,000 each.
The order came after Vyas' adocate moved a petition
pleading the bench to allow him to be with his ailing
mother.
Vyas was arrested in August last year and sent to
judicial custory after the Enforcement Directorate and Income
Tax departments had raided the 70 premises, including those of
Koda, on October 31 and allegedly unearthed the Rs 2,500 crore
scam pertaining to alleged illegal investments and hawala
transactions.
Koda is under judicial custody from November 30, 2009.
PTI
First Published: Saturday, August 20, 2011, 16:37