Case Law Details
Ravi Kumar Vs State of Telangana (Telangana High Court)
Admittedly, petitioner was arrested on 27.11.2021 and custody of petitioner was also sought for five days and the only allegation against the petitioner is that being a Chartered Accountant, without verifying the Bills of Entry and economic rationale of such large payments from paper entities had issued the certificates. Admittedly, as of now the other accused are not arrested and the contention of learned Special Public Prosecutor that till such time, petitioner shall not be released from jail is not justifiable, because of the fact that custody of petitioner was already sought and no purpose will be served by detaining the petitioner in jail. Hence, this Court deems it appropriate to grant bail to the petitioner, however on certain conditions.
Accordingly, this Criminal Petition is allowed. Petitioner / Accused shall be enlarged on bail on his executing a personal bond for a sum of Rs.20,000/- (Rupees twenty thousand only) with two sureties for a like sum each to the satisfaction of the Metropolitan Sessions Judge, Nampally, Hyderabad. On such release, petitioner shall not leave Hyderabad until further orders. He shall appear before the Directorate of Enforcement once in a month between 00 a.m. and 2.00 p.m. He shall cooperate with investigation and shall appear before the Directorate of Enforcement whenever his presence is required. The Directorate of Enforcement authorities shall issue advance notice to petitioner, whenever his presence is required.
FULL TEXT OF THE JUDGMENT/ORDER of TELANGANA HIGH COURT
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