Special CBI Judge Bharat Parashar gave the relief to two directors M/s Pawanjay Steel and Power Ltd (PSPL) -- Gyanchand Prasad Agarwal and Umesh Prasad Agarwal, and S K Kanungo, Chief Manager (Marketing) of M/s Hari Machines Ltd (HML) after they appeared before the court in pursuance to summons.
The court had earlier summoned them and the firm as accused for alleged offences under section 120-B (criminal conspiracy) and 420 (cheating) of the IPC, saying "prima facie there were sufficient incriminating evidence on record warranting summoning of accused."
"I am of the considered opinion that the interest of justice will be suitably met if the accused persons are ordered to be released on bail upon their furnishing a personal bond and a surety bond each in the sum of Rs one lakh each, to the satisfaction of this Court," the judge said.
The court, however, directed them not to leave the country without its prior permission and not tamper with evidence or approach prosecution witnesses. It supplied the copies of charge sheet to the accused and fixed the matter for December 19 for scrutiny of documents.
CBI prosecutor AP Singh opposed the bail pleas saying the accused were influential persons and could tamper with evidence and may also delay the trial.
CBI, however, had said that charge sheet against some other officials and public servants against whom it had initiated the probe, could not be filed as sufficient evidence could not be brought on record.
It had also said it may file supplementary charge sheet in the case pertaining to irregularities in allocation of North Dhadhu coal block in Jharkhand.
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