A special CBI court today granted 21 days interim bail to Kolkata-based businessman Paras Mal Lodha, arrested in connection with the alleged illegal conversion of over Rs 25 crore in old currency for mining baron J Sekhar Reddy.
Lodha was arrested in connection with the case in Mumbai in December last by Enforcement Directorate.
Later, he was lodged in Delhi.
On January 5, Lodha was produced before Additional CBI Court Judge K Venkatasamy, relating to bank fraud cases on a prisoners transit warrant from Tihar Jail in Delhi.
Lodha had sought interim bail as he had to participate in the last rites of his mother.
In his bail petition, he submitted that he is the only son and already the Delhi CBI court had granted 21 days of interim bail in the case before that court.
He filed the present bail petition in the case before the Chennai CBI court, which today granted 21 days interim bail to him.
In the case pertaining to the seizure of Rs 34 crore in new currency notes, Lodha was cited as the sixth accused after Sekhar Reddy, V Srinivasalu, Dindigul Rathinam, Muthupettai Ramachandran and auditor Prem Kumar.
Disclaimer: No Business Standard Journalist was involved in creation of this content
