Special CBI Judge Gurdeep Singh denied anticipatory bail to Saxena, the Chief Operating Officer of Elder Pharmaceuticals, while dismissing his contention that if arrested by CBI, he will meet the same fate as Bansal, who and his entire family commited suicide. Bansal was Director General in the Corporate Affairs Ministry.
In his anticipatory bail plea, Saxena's counsel claimed, "If I (Saxena) am in custody, my condition will be same as of Bansal. Please grant me protection from arrest. I will cooperate in the investigation."
During the proceedings, CBI opposed Saxena's plea seeking the relief, saying his custodial interrogation was required.
"Let him surrender first," public prosecutor K P Singh said, adding that allegations against the actor were serious.
According to the CBI, Saxena had played a direct role in bribing Bansal to ensure that he does not order an SFIO inspection against his company on charges of illegal collection of Rs 175 crore from 24,000 investors, diversion of funds to companies abroad and not filing returns on time.
CBI claimed that an FIR was registered against Saxena
alleging that his company Elder Pharmaceuticals had bribed Bansal to ensure that he does not order an SFIO inspection on the charges against him.
Saxena is yet to be arrested by CBI which had taken into custody Bansal, middleman Vishwadeep Bansal and two other private persons.
Bansal was arrested by CBI on July 16 for allegedly accepting bribe from the pharmaceutical company.
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