High court grants bail to Ringing Bells former MD, accountantUpdated: May 31, 2017 23:07 IST
Ghaziabad: The Allahabad high court on Tuesday granted bail to former managing director of Ringing Bells MD Mohit Goel and the company accountant Sumit Kumar who have been accused of cheating, forgery and criminal conspiracy.
They were arrested in February by the Ghaziabad police and were lodged at Dasna jail since then.
The high court granted bail to the two accused upon furnishing a personal bond and two sureties each of a like amount. The court also imposed certain conditions such as submission of the original passports of the two accused before the court.
Goel was arrested on February 24 while Kumar was arrested on February 27 after company’s distributor Akshay Malhotra filed an FIR at Sihani Gate police station. He had alleged that Rs 16 lakh was not paid to him. However, during the previous bail hearings in Ghaziabad court, Goel’s lawyers had told the court that the amount was paid to Malhotra via an RTGS transfer.
“Let the applicants involved in the aforesaid case be released on bail on furnishing a personal bond and two heavy sureties each in the like amount to the satisfaction of the court concerned with the following conditions which are being imposed in the interest of justice...,” the court said in its order.
The grant of bail was opposed by the government counsel who said that there were similar offences registered against the applicants in various other districts.
Malhotra had alleged that the case applicant was lured with attractive advertisements towards the launch of mobile “Freedom 251” for Rs 251 and “Smart 101” (4G) for Rs 2,999. The distributor entered into a transaction with the accused and paid Rs 30 lakh for purchase of mobile phones.
Apart from Mohit and Sumit, the FIR also names company’s present managing director and Mohit’s brother, Anmol Goel, Mohit’s wife Dharna Garg who resigned eight months ago as CEO of Ringing Bells and Mohit’s partner Ashok Chaddha.
First Published: May 31, 2017 23:07 IST