Shivraj's father's bail plea rejected again
A Gurgaon court on Friday rejected the bail plea of Raghuraj Puri, father of Shivraj Puri, for the second time. Raghuraj, 61, is allegedly the mastermind of the Rs 400-crore Citibank fraud.india Updated: Dec 02, 2011 23:13 IST
A Gurgaon court on Friday rejected the bail plea of Raghuraj Puri, father of Shivraj Puri, for the second time. Raghuraj, 61, is allegedly the mastermind of the Rs 400-crore Citibank fraud.
The father-son duo allegedly misappropriated and diverted money into stock markets through brokerage firms - Normans Martin Brokers Pvt Ltd and Metcam Holding Pvt Ltd.
Judicial Magistrate Ashok Mann rejected his plea for bail. Raghuraj's counsel had argued that bail be given to him as he has already spent nine months in jail while the 2G scam accused got bail after seven months despite the scam being much bigger than the Citibank one.
Citibank lawyer, Harish Malhotra countered the bail request on grounds that unlike in 2G case, the Punjab and Haryana high court has set a deadline of six months for the trial to be completed - by February 2012 or before.
So far, statements of six witnesses have been recorded. The court on Friday also examined police constable Shamsher Singh, who had recorded Shivraj's disclosure statement.
"If the accused is given bail, the ongoing trial may get hampered," said Malhotra.
First Published: Dec 02, 2011 23:12 IST