Special CBI judge Reetesh Singh granted the relief to Bakshi till April 26 on a personal bond of Rs 50,000 and one surety of like amount, noting that he was suffering from various ailments.
The court, however, imposed various conditions on him including that he shall not leave the National Capital Region without its prior permission and will not tamper with evidence or try to influence the witnesses in the case.
The CBI had on March 20 arrested Bakshi along with two EPIL executive directors and four others in the case.
Bakshi was arrested by CBI team along with Executive Director, Delhi Region of EPIL, Harcharan Pal and its Executive Director, Mumbai Region, Kapil Tara and four private persons.
While Tara is in police custody till tomorrow, other five accused persons were today remanded to judicial custody.
The CBI had alleged that "the officials demanded bribe from the private firm (builder from Raipur) for favouring the company in the award of the contract for the construction of Mega Urban Educational Complex at Pallur Hills, Kainisi in Ganjam district Odisha."
It was further alleged that the CMD in conspiracy with others, deputed his staff to collect Rs 10 lakh as a part payment of the total agreed amount of gratification from one hawala operator based at Chandni Chowk, Delhi.
"The staff was intercepted by CBI while allegedly receiving the said bribe," the agency said.
It had claimed that searches were conducted at eight locations in Delhi, Mumbai and Raipur.
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