Two granted bail in Reebok India scam

A city court on Friday granted bail to two people and rejected one bail plea in the multi-crore Reebok India scam.

A city court on Friday granted bail to two people and rejected one bail plea in the multi-crore Reebok India scam.

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The court rejected the bail plea of Sanjeev Mishra, a service provider of the sportswear company. However, Manish Marwah and Kapil Agarwal, both former Reebok executives, were given bail.

The first bail in the scam was given on Tuesday to Surakshit Bhatt, an institutional sales manager with the sportswear manufacturing firm

However, sacked Reebok India MD Subhinder Singh Prem and former company COO Vishnu Bhagat, the prime accused in the case, have so far abstained from applying for bail.

Though the scam was earlier pegged at Rs. 870 crore, the chargesheet filed by the Gurgaon police on November 12 put the figure at less than Rs. 14 crore.

According to the chargesheet, Mishra was an accomplice to Prem and Bhagat in the crime as he provided secret warehouses.

Mishra’s counsel Mahaveer Sharma, however, submitted that he only received agency charges for providing godowns and was not aware of any false intent of the MD and COO.