The Principal Special Court for CBI cases here allowed the bail plea of Raghav on the condition that he should surrender his passport and mark his presence by appearing before CBI officials daily.
He was further directed to deposit a personal bond of Rs one lakh and two sureties of like sum towards execution of the bail.
The court had on September 12 dismissed Raghav's bail petition and directed the CBI to complete its investigation in the case at the earliest after which the central agency filed its final chargesheet on September 15, and estimated the loss to government on account of implementation of Emaar township project at Gachibowli here at Rs 215 crore.
Raghav's counsel in the bail petition filed last week had contended that CBI was unnecessarily opposing his client's bail application even after completing investigation and filing three chargesheets.
The CBI had, however, opposed Raghav's bail plea on the ground that the accused could influence witnesses if released on bail. The agency contended that the petitioner (Raghav) in conspiracy with other accused had sold villa plots in Emaar Hills Township Pvt Ltd, though there was no provision to sell plots, but to construct villas and sell them.
The CBI, in its first chargesheet filed on February 1 against suspended IAS officer BP Acharya, the prime accused in the case and others comprising individuals and private companies, had charged them under relevant sections of the IPC and Prevention of Corruption Act in the alleged irregularities in land transfer and sale of villas and apartments in the township project at Gachibowli in Hyderabad. (MORE)
