| Mangrola, who also happens to be the founder chairman of Suryapur Bank, stated in his anticipatory bail plea that he was innocent and not involved in the scam in any manner. |
| The plea also stated that Mangrola had resigned from the bank's chairmanship two years before the scam took place and even the audit report of the government showed that he had no liability. |
| Mangrola also stated that he had been falsely framed in the case to hurt his political career and pleaded before the court that he be granted anticipatory bail. |
| After hearing both the sides, district and sessions judge K M Vin granted anticipatory bail to Kanaksinh Mangrola on a guarantee of Rs 25,000. |
| Judge Vin ordered that the anticipatory bail would be valid for 90 days and directed Mangrola to secure regular bail from a competent court within 15 days. |
| Suryapur Co-operative Bank went bust in September 2002 as it failed to maintain the Reserve Bank of India-stipulated minimum cash reserve ratio due to indiscriminate granting of loans to builder Mukesh Desai and others. |
| Police complaints were lodged in connection to the scam against several persons, including Mangrola and others by bank Chairman Babu Gamit, who himself was made an accused in the case a few days later and arrested by crime branch sleuths. |
| Around 19,000 account holders and depositors of Suryapur Bank have lost close to Rs 60 crore due to the bank's closure. |
| The agents and depositors have staged dharnas and gone on hunger strike to recover their money. The depositors have also made representation to chief minister Narendra Modi in this regard, but are yet to be paid any money. |
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