India's Supreme Court grants interim bail to Amar Sadhuram Mulchandani, facing fraud charges, on medical grounds.

The Supreme Court of India has granted interim bail to Amar Sadhuram Mulchandani, former chairman of Pune's Seva Vikas Cooperative Bank, on medical grounds. Mulchandani faces allegations of fraud and misappropriation of ₹429 crore and has been imprisoned for over a year. His case involves multiple FIRs filed by Pune Police, leading to a money laundering investigation. The bank's license was revoked after over 92% of its loans became non-performing assets.

October 14, 2024
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