Excelsior Correspondent
JAMMU, Jan 14: Special Judge CBI Court Rajesh Sekri has granted bail to Arun Kumar, Cluster Head of J&K Bank Ltd Samba and Iqbal Singh, the then Branch Head University Branch, who have been challaned by the CBI in Rs 177 crore scam in which Hilal Rather was also an accused.
After hearing Senior Advocate Abhinav Sharma for the applicants, the Special Judge CBI Court observed, “since the alleged mastermind of the case accused Hilal Rather has already been admitted to bail by High Court, the petitioners/accused Iqbal Singh and Arun Kumar are otherwise entitled to be released on bail on a parity of reasoning”.
The court admitted them to bail subject to furnishing of two surety bonds of solvent nature in the amount of Rs 2 lakh each and a bond of personal recognizance of Rs 5 lakh subject to the conditions that the petitioners shall cooperate with the investigating agency, if need arises; the petitioner shall regularly appear during the trial; the petitioners shall not leave territorial jurisdiction of this court without prior permission and the petitioners shall not directly or indirectly make any inducement, threat or promise to any person acquainted with the facts of the case.
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