Seven get bail in Adarsh scam
The seven accused are Maj. Gen. (retd) A.R. Kumar, Maj. Gen. (retd) T.K. Kaul, retired defence estates officer R.C. Thakur, Brig. (retd) M.M. Wanchoo, former IAS officers P.V. Deshmukh and Pradeep Vyas and former Congress politician Kanhaiyalal Gidwani.
While granting bail, Special Judge M.V. Kulkarni said: "This court is not dwelling on the question of the title of the land but is looking into the offence that involves conspiracy, abetment and misuse of official position." The bail was granted on a surety of Rs.500,000 each and the accused were directed to report at the CBI office in Mumbai every Tuesday and Thursday.
All the accused had sought bail on the ground that the CBI had not filed a chargesheet even 60 days after arresting them. The central probe agency claimed it had 30 more days to act. The other two accused, former Mumbai municipal commissioner Jairaj Phatak and retired information commissioner Ramanand Tiwari, have not applied for bail.
The CBI had Monday opposed bail to the seven accused stating that it was examining additional stringent charges which could be slapped on them and that it had 90 days to file the charge sheet and not 60 as claimed by the accused.
RBI Chief Raghuram Rajan stated that more economic data is needed to be confident that economic growth is picking up, although he added that the benefits to exports from the Rupee's fall is yet to kick in.
Date 11-12-13, Duration 2:19, Views 47