Kayan was produced before the special court as the CBI was investigating into a payment which Kayans firm C Mackertisch owed to Canfina, relating to RIL shares being sold in 1992. The case was heard yesterday afternoon at the court and Variava decided on the bail amount of Rs 1 lakh for Kayan whom the CBI was interrogating. A similar bail amount was granted for two other parties which the CBI had been interrogating.
According to the CBI lawyer S Gupte, the chargesheet has already been filed involving Kayan and his deals.
The CBI counsel did not appeal against the court decision, stating that the chargesheet had tackled the issue in a comprehensive manner and the investigations linked to this case were on. The court granted bail to Kayan and two other parties.
