#expromoter

Bhushan Steel’s Ex-Promoter Gets Bail In Rs 20 Billion Fraud Case

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New Delhi: 

The Delhi High Court has directed that Bhushan Steel’s erstwhile promoter Neeraj Singal, arrested by the SFIO for allegedly siphoning off Rs 20 billion, be released on interim bail as the agency has not been able to justify the need for his continued incarceration.

A bench of justices S Muralidhar and Vinod Goel said since Singal’s challenge to the constitutional validity of…