NEW DELHI: The Delhi High Court has refused to reduce the amount of surety that former Registrar of Societies N. Diwakar has been asked to furnish as a condition for grant of bail in the Cooperative Housing Society scam cases here in 2005.
Diwakar is facing prosecution in as many as 70 cases connected with the scam and has been granted bail in 17 of them.
Rejecting his plea for relief, Justice S. N. Dhingra said the accused had evaded investigation and the Central Bureau of Investigation had arrested him after tremendous efforts.
Diwakar was holding a responsible post and yet he had allowed registration of a number of fake housing societies having non-existent members, the Judge noted.
In his petition, the accused had submitted that he could not arrange so many sureties with fixed deposit receipts of Rs. 50,000 for his bail. Therefore, the Court should reduce it to Rs. 5,000 so that he could arrange them to avail himself of the relief.
A special investigation team of the CBI had been probing the cases. The CBI had set up the team in 2005 on a direction by the High Court.
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