Pune: The courtroom drama continued on Thursday in connection with the arrest of the Bank of Maharashtra (BoM) officials in the DSK fraud case.
While the police submitted an application stating that the accused can be given bail on certain conditions, the public prosecutor opposed the bail plea.
The court has ordered to keep the accused in custody till July 12.
On Wednesday, special judge SN Sardesai had granted bail to BoM Chairman and Managing Director Ravindra Marathe in the cheating case involving city-based real estate developer DS Kulkarni and his wife, among others. The special court set up under the Maharashtra Protection Of Interest Of Depositors (MPID) Act granted relief to Marathe on a surety bond of Rs 50,000. While granting relief, the court barred Marathe from leaving the country without its permission and ordered him to cooperate with the police. The court also warned Marathe against trying to tamper with evidence or influence witnesses.
After Marathe’s bail order, other accused also moved bail application. BoM Executive Director Rajendra Gupta, Zonal Manager Nityanand Deshpande, former CMD Sushil Muhnot, besides DS Kulkarni Developers Ltd’s (DSKDL) chartered accountant Sunil Ghatpande and DSKDL’s engineering section’s Vice President Rajeev Newaskar, have applied for bail.
On Thursday, investigating officer ACP Nilesh More from the Economic Offences Wing (EOW) moved an application stating that the accused can be given bail as the necessary documents have been recovered and their inquiry is over. The police said that some conditions must be put on the accused while granting the bail.
Advocate Harshad Nimbalkar, counsel for Gupta, Deshpande and Muhnot, argued that they should be granted bail on parity with Marathe and that there is no need of further argument on the bail application.
Advocate SK Jain represented Ghatpande while Adv Rohan Nahar was counsel for Newaskar. They will argue on the matter on Friday.
Later, special public prosecutor Pravin Chavan arrived and opposed the bail application of the accused persons.
“The investigation is at a preliminary stage. The court has earlier rejected bail application of the three accused. Therefore, the present accused should not be given bail,” Chavan argued.