New Delhi [India], August 14 (HBTV): The Delhi High Court has recently granted bail to a person accused in a case of fraudulent transfer of INR 344 crores of mutual funds and securities held by Dalmia Cements Bharat Ltd.

Justice Amit Mahajan has recently granted bail to V Hans Prakash.

Justice Mahajan said that notably, the investigation is now complete and the charge-sheet as.well as a supplementary charge-sheet stands filed.

He further said that the present case is otherwise based on documents and all incriminating documents have already been recovered by the investigating agency and made part of the charge sheet.

"Evidently, the custody of the petitioner is no longer required. In the given circumstances, no useful purpose will be served in keeping the petitioner behind bars," Justice Mahajan held in the judgement passed on August 7.

The bench noted that it is also not the case of the prosecution that the petitioner has a criminal record. Further, the petitioner was never arrested during the investigation till the filing of the charge sheet nor he misused his interim bail, therefore, he does not seem to be a flight risk.

"In view of the circumstances discussed above, this court is of the view that the petitioner is entitled to grant of regular bail pending trial, Justice Mahajan said.

The High Court also noted that the main accused namely, Awanish Kumar against whom serious allegations had been made has already been granted regular bail on 25.10.2021 by the High Court. 

(ANI)