Ex-NALCO chief’s bail plea rejected
June 9th, 2011 - 10:08 pm ICT by IANSNew Delhi, June 9 (IANS) A special Central Bureau of Investigation (CBI) court Thursday rejected the bail plea of former National Aluminium Limited Corp (NALCO) chairman-cum-managing director A.K. Srivastava, who has been arrested in a bribery case.
Special CBI Judge Sanjeev Jain dismissed the bail application saying that if Srivastava is released on bail, he may influence witnesses. The court also noticed one accused was still absconding.
While opposing Srivastava’s bail plea, the CBI had said: “Probe in the case is still going on to establish the role of Vijay Madni of Hyderabad-based Maheshwari Brothers Ltd, who allegedly paid Rs.1 crore to Srivastava through co-accused B.L. Bajaj, and is still absconding.”
CBI had said that Srivastava should be not be granted bail as the allegations against him are of serious nature.
The CBI arrested Srivastava and Bajaj Feb 25, after it recovered about 10 kg of gold bricks and jewellery valued at around Rs.2.13 crore from Srivastava and Rs.30 lakh in cash from Bajaj.
Bajaj’s wife Anita Bajaj, a co-accused in the case along with the NALCO chief’s wife Chandani Srivastava, was arrested in the case Feb 25. They were, however released on bail.
The court had denied Bajaj bail May 18.
- NALCO chief's bail plea dismissed - Sep 11, 2011
- Ex-NALCO chief sent to five days CBI custody - Mar 03, 2011
- NALCO chief sent to judicial custody in corruption case - Mar 08, 2011
- Court questions CBI on bail plea of ex-NALCO chief - Jun 15, 2011
- NALCO graft case: Warrants issued against two firm officials - Mar 09, 2011
- Graft case: CBI custody of NALCO chief's aide extended - Mar 05, 2011
- B.L. Bagra given additional charge of NALCO Chairman - Feb 27, 2011
- Mines Ministry suspends NALCO chief Abhay Kumar Srivastava - Feb 26, 2011
- NALCO official's wife sent to 14 days' judicial custody - Mar 01, 2011
- Bagra given charge of NALCO chairman - Feb 27, 2011
- NALCO postpones board meeting after chairman's arrest - Feb 26, 2011
- NALCO CMD arrested by CBI for taking bribe - Feb 25, 2011
- NALCO chief suspended for graft - Feb 26, 2011
- CWG scam: High Court declines bail to Reddy - May 15, 2012
- NALCO chief sent to CBI custody till March 3 - Feb 26, 2011
Tags: bail plea, bajaj, bribery case, brothers ltd, cbi court, central bureau of investigation, chandani, crore, gold bricks, jain, lakh, maheshwari, managing director, nalco, New Delhi, rs 1, rs 2, sanjeev, srivastava, wife anita