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NALCO bribery case: Court denies bail to alleged conduit

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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