DT
PT
Subscribe To Print Edition About The Tribune Code Of Ethics Download App Advertise with us Classifieds
search-icon-img
search-icon-img
Advertisement

SC sets aside Delhi HC order granting bail to ex-CFO of Bhushan Steel

  • fb
  • twitter
  • whatsapp
  • whatsapp
featured-img featured-img
A bench headed by Justice NV Ramana delivered the verdict on an appeal by the Serious Fraud Investigation Office (SFIO) challenging the August order of the high court. Tribune file
Advertisement

New Delhi, September 12

Advertisement

The Supreme Court on Thursday set aside the Delhi High Court order granting bail to Bhushan Steel’s former chief financial officer Nittin Johari, who was arrested by the SFIO for alleged fraudulent activities.

A bench headed by Justice NV Ramana delivered the verdict on an appeal by the Serious Fraud Investigation Office (SFIO) challenging the August order of the high court.

Advertisement

Johari was arrested by the SFIO on May 2 for alleged fraudulent activities, including filing false documents with various banks.

The SFIO has alleged that Johari was managing the affairs of Bhushan Steel and was looking after raising of funds from banks and financial institutions and was also one of the signatories to the financial statements of the company till fiscal year 2016-17.

Advertisement

The SFIO has alleged that during the probe, they have found that there were several alleged fraudulent practices at the company, including manipulations of accounts and financial statements during the term of Johari. PTI

Advertisement
Advertisement
Advertisement
tlbr_img1 Classifieds tlbr_img2 Videos tlbr_img3 Premium tlbr_img4 E-Paper tlbr_img5 Shorts