You are here: Home » PTI Stories » National » News
Business Standard

Scribe arrested for alleged dubious financial transactions gets bail

Press Trust of India  |  New Delhi 

A court today granted to Upendra Rai, who was arrested by the CBI for his alleged involvement in dubious financial transactions.

Special CBI granted the relief to Rai on a bond of Rs 5 lakh and two sureties of like amount.

Seeking in the case, Rai had claimed that no purpose would be served by keeping him in further custody.

The had contended that he was not required for further custodial interrogation since the Central Bureau of Investigation's plea for it was rejected by the court on May 9.

Rai was arrested by the CBI on May 3.

The Delhi-based scribe was arrested for allegedly indulging in dubious financial transactions and getting an airport access pass made by the (BCAS) by furnishing false information.

The had on May 4 refused to interfere with his arrest.

In his application seeking protection from arrest, Rai had claimed he was framed in the case because of his writings against an who was part of the team probing the 2G spectrum allocation scam case.

Prasun Roy, of Aviation Pvt Ltd, was also booked by the CBI, which had carried out searches at eight locations in Lucknow, Noida, and

In its FIR, the agency has alleged that going by the value of the transactions of over Rs one lakh during 2017, Rai's accounts received Rs 79 crore while Rs 78.51 crore was debited from it during the same period.

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

First Published: Fri, June 08 2018. 15:25 IST