Apollo CEO arrested, released on bail

August 13th, 2008 - 12:19 am ICT by IANS  

Hyderabad, Aug 12 (IANS) Apollo Health and Lifestyle Limited (AHLL) CEO Ratan Jalan was arrested by the Uttar Pradesh police in a cheating case here Tuesday but was released on bail by a city court. Jalan was arrested in connection with a case of cheating booked at Aligarh in Uttar Pradesh. The Hyderabad police said a court in Aligarh had issued a non-bailable warrant against Jalan on charges of criminal breach of trust and cheating.

The case was booked on a complaint filed by the promoter of Rex Healthcare India Pvt Ltd.

The court of the Chief Metropolitan Magistrate granted bail to Jalan.

“This vindicates our stance that a civil case has been converted into a criminal case with malafide intentions by the complainant,” said a statement released by Apollo Hospitals.

The statement said there was no cheating in this instance. The court observed that the complainant failed to prove charges of cheating in the matter relating to establishment of a clinic at Aligarh.

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