Justice Narayanaswamy deferred their release to September 16 after a Special Investigation Team argued against granting bail to them prior to filing of the charge sheet.
Apart from Riaz, three other accused who were granted bail are television journalist M B Srinivasa Gowda, Shankare Gowda and Ashok Kumar.
Counsel for Riaz submitted that the arrest of his client was in violation of Sections 41 (when police may arrest without warrant) and 41(A) (notice of appearance before police officer) of Criminal Prodecure Code.
He also submitted that since the imprisonment punishment was for less than three-year period, the charges against Riaz was not that serious.
SIT, in its counter, submitted that the accused should be granted bail only after a charge sheet had been filed against all the four accused and sought time till September 16 to do so.
Justice Narayanaswamy then directed SIT to file charge sheet against the four on or before that date.
Bhaskar Rao, a former High Court Chief Justice, had rejected the charges that his son was involved in the racket and said he would resign if the charge was proved correct.
Ashwin Rao, Lokayukta's son, was in July arrested by SIT. The issue had raised a storm both inside and outside the state legislature and there was growing pressure from opposition parties and various organisations for removal of Rao.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
