Rs 3,000-crore Future Maker scam: Radhe Shyam gets 2-day relief from court
Session court to hear the case on April 15; Radhe Shyam’s counsel, Mahender Singh Nain, said the interim bail granted on medical grounds related to his wife’s condition was set to end on Monday, and he was scheduled to return to jail on Monday
Radhe Shyam, accused in a Rs 3,000-crore fraud linked to Future Maker Life Care Private Limited, has been granted two days’ relief by a sessions court. Currently out on one-month interim bail due to his wife’s medical condition, the relief will remain in effect until arguments on his plea for extension of interim bail are heard on April 15.
Radhe Shyam’s counsel, Mahender Singh Nain, said the interim bail granted on medical grounds related to his wife’s condition was set to end on Monday, and he was scheduled to return to jail on Monday. However, his plea for extension had already been dismissed by a lower court on April 9.
“Thus, we filed a revision petition in the District and Session court, which has fixed the next hearing on our application, whether it's maintainable or not, on April 15 and granted a two-day extension in interim bail,” he informed.
Radhey Shyam was in jail in connection with GST irregularities of over Rs 54 crore involving Future Maker Life Care Pvt. Ltd before he got one month’s interim bail.
A hearing was also held in the court of Chief Judicial Magistrate Rajeev, where CMD Radhey Shyam appeared in person before the court, while co-accused Bansi Lal was produced through video conferencing from jail.
He was arrested by the Cyberabad police in Telangana for a Rs 3,000 crore fraud in 2018. However, the investigation revealed that his company was enrolling members across the country by charging Rs 3,750 per person as membership fees. Through this large-scale membership drive, the company collected crores of rupees. He later got bail in the fraud case in Telangana in 2023.
Later, the investigating agencies have alleged that GST payable on this amount was not deposited with the Income Tax department. As per the complaint, the outstanding GST liability exceeds Rs 54 crore.
Despite multiple notices issued by the GST Department, neither a satisfactory reply was submitted nor was the pending amount deposited, following which the department initiated legal proceedings.
The court had earlier issued bailable warrants against both accused, after which Radhey Shyam and Bansi Lal surrendered before the court on November 10, 2025. Both were sent to judicial custody.
