Supreme Court grants bail to ex-Bhushan Steel MD Neeraj Singal in ₹46,000 crore bank fraud case.

The Supreme Court of India has granted bail to Neeraj Singal, former Managing Director of Bhushan Steel, who was arrested in a money laundering case linked to a ₹46,000 crore bank fraud. After 16 months in custody, the Court emphasized the lengthy trial ahead and required Singal to surrender his passport and seek permission before leaving India. His bail plea was previously denied by the Delhi High Court, which he is now appealing.

September 06, 2024
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