The
Delhi High Court on Wednesday granted bail to Avtar Singh Kochar in the money
laundering as well as in the MCOCA case.
He
is accused in the Rs 200 crore money laundering case allegedly involving Sukesh
Chandrasekar and Bollywood actress Jacqueline Fernandez.
He
had been in custody for the last two years.
Justice
Dinesh Kumar Sharma granted bail to Avtar Singh Kochar after considering his
period of custody, his age, and his medical conditions.
The
high court also considered the submissions of the accused that the trial is not
going to be concluded in the near future.
While
granting bail, the High Court said that the accused shall furnish a personal
bond of Rs 5 lakh and two surety bonds of like amount in each case.
The
high court imposed certain conditions, including that he must obtain prior
permission from the court before leaving the country.
He
shall also not try to influence any witness, directly or indirectly. He shall
provide his phone number to the IO of the EOW and mark his presence in the EOW
office.
69-year-old
Kochar is an accused in the MCOCA case registered by the Economic Offences Wing
(EOW). Delhi police had registered a case on the complaint of Aditi Singh. She
had alleged that an amount of Rs 200 crore was extorted from her.
Delhi
police had arrested Sukesh Chandrasekar and other accused persons. The Delhi
police have already filed a charge sheet.
Thereafter,
the Enforcement Directorate (ED) also investigated the case after lodging a
complaint under PMLA.
After
taking cognizance of the charge sheet filed by ED, a special court in New Delhi
issued summons to Bollywood actress Jacqueline Fernandez and other accused
persons.
Jacqueline
Fernandez appeared before the court. She was granted bail by the special judge
at Patiala House Court, New Delhi.
Both
cases are under consideration before a special judge.