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Bombay High Court grants bail to builder in Yes Bank-DHFL corruption case
Updated On: 18 May, 2024 01:26 PM IST | Mumbai | mid-day online correspondent
The Bombay High Court emphasised that barring bail in serious economic crimes is not an absolute rule.
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Bombay High Court/ File Photo
The Bombay High Court granted bail to Pune-based builder Avinash Bhosale in an alleged corruption case involving Yes Bank and DHFL, noting that bail cannot be denied only because the issue is economic. Bhosale was arrested in May 2022 and is currently in judicial detention while seeking medical care at a hospital. Justice NJ Jamadar, presiding over the single bench, granted bail to Bhosale and instructed him to pay a Rs 1 lakh surety, reported PTI.
The court emphasised that barring bail in serious economic crimes is not an absolute rule. "The parameters which govern the grant of bail in other categories of offences equally govern cases where a person is accused of an economic offence," the High Court stated. While appreciating the terrible consequences of economic crimes, the court ruled that bail should not be rejected if other conditions are met.
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