Bomb suit scam accused seeks bail

Updated on Aug 25, 2012 12:40 AM IST

Bimal Agarwal, one of the directors of Techno Trade Impex arrested in the bomb suit scam, moved a bail application before a magistrate’s court on Friday after he was remanded in judicial custody.

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Hindustan Times | By, Mumbai

Bimal Agarwal, one of the directors of Techno Trade Impex arrested in the bomb suit scam, moved a bail application before a magistrate’s court on Friday after he was remanded in judicial custody.

Agarwal in his bail plea filed through advocate Vaibhav Baghade has alleged that he has been falsely implicated in the case. He also alleged that the state has not tested the suits before declaring them inferior. They have not yet taken the delivery of the suits, he claimed.

Baghade argued that the suits have been cleared by a lab in USA. He further submitted that Agarwal has been arrested after the mediation failed between the state and the company. The mediation failed as the government demanded bank guarantee of Rs 10 crore against the goods, worth Rs 6 crore, Baghade contended. The investigating officer submitted that the bank guarantee given by Agarwal had lapsed, which was why they had demanded a fresh guarantee of Rs 10 crore. But this was refused. However, Baghade on Friday suggested the guarantee be fixed at Rs 8 crore.

The court reserved its verdict on the bail plea for Monday.

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