Mumbai : A special CBI court here granted bail on Monday to Usha Ananthasubramanian, former managing director and CEO of Allahabad Bank, in connection with the Rs 14,000 crore fraud at the Punjab National Bank.
Earlier this month, the court had taken cognisance of the sanction granted by the President to prosecute Ananthasubramanian in the case. As per the procedure, when a court takes cognisance of the sanction, summons are issued to the accused to appear before the court. Thereafter, the accused can move a bail application. Accordingly, Ananthasubramanian appeared before special judge J C Jagdale and applied for bail which was granted by the court.
Meanwhile, the Bombay High Court directed the CBI on Monday not to discard the call data records of its officer who is investigating the PNB scam. A single bench of Justice Ajey Gadkari also directed the CBI to file its affidavit in response to an application filed by an accused, Miten Pandya, alleging illegal detention before his arrest in connection with the case. Pandya, the former finance manager in Nirav Modi’s Firestar International firm, claimed he was arrested by the CBI on March 4 morning but was shown as arrested only in the late evening and was produced before a special CBI court on March 5 evening.
