The special court for ACB cases, which earlier rejected Reddy's bail plea, granted a day's relief after he filed a memo through his counsel seeking interim bail to enable him to attend his daughter's engagement ceremony.
The prosecution (ACB) also did not object to the interim bail application saying that it should be considered with the condition that Reddy will be escorted by police while attending the ceremony.
Reddy and two others--Sebastian Harry and Uday Simha-- were arrested on May 30 by the Anti-Corruption Bureau here while they were allegedly trying to bribe Rs 50 lakh to nominated MLA Elvis Stephenson to vote for TDP nominee in the Telangana Legislative Council polls.
The case and a releated audio tape aired by local channels has since then generated much heat with TDP alleging that this was part of a conspiracy to malign its leader and Andhra Pradesh Chief Minister Chandra Babu Naidu and party functionaries lodged a flurry of complaints against Telengana Chief Minister K Chandrasekhar Rao.
While arguing on the main bail plea Reddy's counsel submitted that there is no likelihood of tampering with evidence and he (Reddy) is not going to abscond and already all material is in custody of the investigating agency.
However, special public prosecutor V Surender Rao, appearing for ACB, opposed Reddy's main bail petition of on the ground that investigation in the case is at a very crucial stage.
"After interrogation of the accused during the four-day police custody period there are certain leads that need to be verified and evidence has to be collected.. Besides the trail of the seized money of Rs 50 lakhs has been examined and its source also. Apart from this, amount of Rs 4.50 crore was promised...From where that amount was to be sourced also needs to be verified," Rao argued.