NALCO bribery case: Court denies bail to alleged conduit
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Last Updated: Wednesday, May 18, 2011, 21:44
New Delhi: B L Bajaj, the alleged conduit in the bribery case in which NALCO chief A K Srivastava was arrested, was denied bail on Wednesday by a Delhi court which said that middlemen or touts should be dealt with seriously to tackle the cancer of corruption.

"B L Bajaj's role is entirely different because he was the middlemen in this case. He is the centre of the entire episode," Special Judge Sanjeev Jain said while dismissing Bajaj's bail plea.

"Middlemen or touts should be dealt with seriously to tackle the cancer of corruption," the court said.

Bajaj was arrested on February 25 along with his wife Anita, NALCO Chairman-cum-Managing Director Srivastava and his spouse Chandani, 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 CBI earlier opposed Bajaj's bail plea saying that probe in the case was still going on to establish the role of one Vijay Madni of M/s Maheshwari Brothers Ltd, who allegedly paid Rs one crore to PSU chief Srivastava through B L Bajaj.

The CBI prosecutor also said they have served notice to Madni and he had conveyed to the agency that he would join the investigation soon as he is out of India at present.

The CBI counsel submitted that Bajaj's plea that he should be granted bail on the ground of parity as other co-accused in the case had already been given bail is not significant as he is to be confronted with Madni and allegations against him are serious.

The probe agency also submitted that if released on bail, Bajaj may tamper with evidence or influence witnesses.

Advocate Vijay Agarwal, appearing for Bajaj, contended that his client is not the actual beneficiary.

Pressing for granting bail to Bajaj on ground of parity, he said that other co-accused in the case have already been granted bail.

The court had earlier granted bail to Srivastava's wife Chandani, Bhatia group of industry official Ratan Pal Singh and Anita Bajaj saying they are unlikely to flee from justice and tamper with evidence.


First Published: Wednesday, May 18, 2011, 21:44

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