Bhushan Power and Steel Ex-Director Gets Bail In ₹ 5,500 Crore Fraud Case

Tuesday, 29 March 2022newsdesk

Special Court in Delhi has granted bail to Aarti Singal, the former Director of Bhushan Power and Steel Limited (BPSL) in the fraud case of ₹ 5,500 crores. The case is being investigated by the Serious Fraud Investigation Office (SFIO).

New Delhi, 29 March 2022

As per news report of NDTV, Ms Singal was arrested by SFIO on March 21, 2022 and was produced before the Special Court in Dwarka on March 22, 2022. Special Judge Sumit Das on March 28, while passing the order, said that no independent role of Aarti Singhal has been brought out on record by SFIO except that she has, jointly with her husband, signed cheques or issued instructions to the bank for issuance of Demand Draft (DD). The court also observed that Aarti Singal deserves to be granted the benefit of special status to woman as provided under provisions of Section 437 and Section 212(6) of the Companies Act, 2013 taking into consideration her role of being a passive woman director is concerned.

Source - NDTV