The high court had reserved verdict on the bail plea on January 4.
Senior apex court lawyer Kapil Sibal had pleaded for Prasad's bail citing the health condition and age of the RJD chief. He also produced a certificate from a Mumbai hospital and listed the diseases Prasad is suffering from, adding that he was granted bail in three other cases in which he was convicted.
Prasad was convicted on December 23, 2017 in a case of fraudulent withdrawal from Deoghar treasury. He was out on provisional bail in May last year for treatment but surrendered in August after the high court asked him to.
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