First class Additional Sessions Magistrate Alok Verma on Friday granted bail to the chairman of Apex Bank Bhanwar Singh Shekhawat and few others in an alleged embezzlement case.
Others who were also granted bail included- the managing director RD Batti, Arvind Sengar, legal advisor Shatilal lodha and OP Patidar, Keshav Deshpande and others. lokayukta Police has produced challan against all of them for allegedly making adjustments in the loan account by adopting wrong methods in the repayment of former IAS officer Ramesh Thete’s wife Manda Thete’s loan of Rs 40 lakh under some special plan.
The decision of recovery of loan provided to a backward class entrepreneur following all norms of the bank was taken in the meeting of board of directors of the bank. The case was lodged in the lokayukta by a senior cooperatives leader, lD Pandit, former bank manager Karunakar Tripathi and Amar Singh Yadav. The lokayukta police registered the case under unknown complaint and submitted the challan in the court constituted under Prevention of Corruption Act.
On Friday, a journalist Mohammed Rizwan on behalf of complainants opposed the bail of the accused that was dismissed by the court.
The advocates of all the accused have requested the court that all their clients are distinguished citizens and they would always remain present in the court during the hearing of the case. The court considering this plea granted bail to all the accused.