Nagpur, Aug 13: Key accused in the Rs 150 crore government securities scam at the Nagpur District Central Co-operative Bank (NDCCB) and CEO of broking firm home trade limited Sanjay Agarwal was granted bail by a local court here yesterday after CID failed to file a chargesheet against him within the stipulated period. Granting conditional bail to Agarwal, judicial magistrate first class M R Purwar asked him to furnish a cash surety of Rs one lakh and two solvencies of Rs five lakh each.
Agarwal, currently in Mumbai, has been told by the court not to leave the city without prior intimation to the court or investigating agency and has been directed to surrender his passport.
He is also required to report to state CID till filing of chargesheet against him.
Agarwal, facing criminal offences under various sections of the IPC, is co-accused with NDCCB's sacked chairman Sunil Kedar, police said.

The state CID failed to file chargesheet against him on expiry of his 90 days in police detention. However, the investigating agency filed an affidavit stating that the investigations were not over and some more possible arrests were yet to take place.
Agarwal had surrendered here on May 11.
The main accused in the bank scam, Sunil Kedar, is already out on bail following CID's failure to file chargesheet within a stipulated period of 90 days.

Bureau Report