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Redevelopment contract case: Rishabh Aggarwal granted bail

ANI  |  New Delhi [India] 

A on Monday granted to Rishabh Aggarwal, who was arrested in connection with alleged irregularities in Trade Promotion Organisation (ITPO) redevelopment contract case.

The Special has also asked to submit a Rs 1-lakh personal bond.

The has posted the hearing on plea of Sanjay Kulkarni, of Capacite Structures, for tomorrow.

The court had, on January 5, reserved its order on the applications of Kulkarni and Aggarwal, after hearing arguments from defence advocates and the CBI, who opposed the applications saying the accused might hamper the 'initial stage' of the investigation, citing a possibility that both might flee from justice.

According to reports, the investigating agency had booked Mittal, Kulkarni, Aggarwal, and two others -- public servants and -- who allegedly delivered the bribe, in the case on December 22.

It alleged in the FIR that the contract to redevelop the prime land at Pragati Maidan was given to Pvt Ltd and Shapoorji Pallonji Qatar WLL for about Rs 2,149.93 crore by NBCC.

Mumbai-based was trying to get that work from Shapoorji Pallonji on sub-contract.

Kulkarni had approached Aggarwal, the suspected middleman of having good contacts with public servants, for getting the sub-contract in favour of the company.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, January 08 2018. 17:25 IST