advertisement
Delhi's Special CBI court on Tuesday granted bail to Aarti Singal, the former director of Bhushan Power and Steel Ltd (BPSL), in a Rs 5,500 crore fraud case.
Vijay Aggarwal, who was appearing for Singal, had argued that she was 61 years old and a homemaker, and was not involved in the day-to-day office affairs and merely signed on the documents and cheques.
The counsel argued that being a housewife, she did not have full knowledge about the work of the company.
The Serious Fraud Investigation Office (SFIO) has been investigating the case. Singal was arrested on 21 March, and a day later, she was produced before the court.
The court noted that no independent role of Singal has been brought out on record by the SFIO, except that she had jointly with her husband signed cheques or issued instructions to the bank for issuance of Demand Draft (DD), and hence, released her on bail.
(At The Quint, we question everything. Play an active role in shaping our journalism by becoming a member today.)