Business Standard

Vikram Kothari granted eight-week conditional bail

IANS  |  Lucknow 

The bench of High Court on Friday granted an eight-week with certain conditions to jailed

The was granted by the bench of Justice in view of the frail health of the Kanpur-based businessman, who has been accused of fraud and defaulting on loan repayment worth millions.

Sources said Kothari needs "a surgical procedure".

The high court has, however, set conditions like depositing of the passport and providing his location details. The court also directed him to surrender after eight weeks and asked to submit an affidavit to this effect.

The court had earlier rejected his application on November 30 last year.

A senior had on February 18, 2018 filed a complaint with the Central Bureau of Investigation against Vikram Kothari, his wife for defrauding them and of hatching a criminal conspiracy to fool banks like the Oriental Bank of Commerce, Bank of Baroda, Bank, Bank of India, Bank of Maharashtra, Union and

was granted bail on November 30.



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

First Published: Fri, January 11 2019. 22:30 IST