Supreme Court Grants Bail To Five Corporate Executives Accused In 2G Spectrum Case

The Supreme Court granted bail to the five corporate executives accused in the 2G spectrum case declaring that the right to bail cannot be denied because of public sentiments against the accused.A Bench of Justices G.S. Singhvi and H.L.Dattu directed the release of Unites MD Sanjay Chandra,Swan Telecom director Vinod Goenka and Reliance Dhirubhai Ambani group executives Hari Nair, Gautam Doshi and Surrender Piper on their executing a bond with two solvent sureties, each for a sum of Rs. 5 lakhs,to the satisfaction of the special judge,CBI.The court order has given hope to the other 12 accused,including DMK MP Kanimozhi and the former Telecom Minister A>Raja(who is yet to file a bail application),to come out on bail.

Five Corporate Executives Accused In 2G Spectrum

The Bench said,”We are consciousof the fact that the accused are charged with economic offences of a huge magnitude.We are also conscious of the fact that the offences alleged,if proved,may jeopardize the economy of the country.At the same time,we cannot loose sight of the fact that the investigating agency has already completed the investigation and the chargesheet is filed. Therefore their presence in custody is not required for further investigation. We are therefore of the view that the appellants are entitled to the grant of bail, pending trial,on stringent conditions in order to allay the apprehensions expressed by the CBI.”

“The appellants should not directly or indirectly make any inducement, threat or promise to any person acquainted with the facts of the case so as to dissuade him from disclosing to the court or any other authority.”The Bench granted the CBI liberty to seek modification/recall of this order if,for any reason, the appellants violated any of the conditions.

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