Excise policy: Court reserves order on bail pleas of AAP's Vijay Nair, businessman Abhishek Boinpally
New Delhi, November 9: The Rouse Avenue Court reserved its judgement on Wednesday on bail petitions filed by Hyderabad-based businessman Abhishek Boinpally and Aam Aadmi Party (AAP) communication in-charge Vijay Nair in connection with the alleged Delhi excise policy scam.
On Wednesday, Special Judge MK Nagpal reserved the order following the conclusion of the bail arguments presented by the accused's lawyer and the prosecution agency. The order on the bail petitions will be issued on November 14, 2022, according to the court. During the investigation into the Delhi excise policy scam, the Central Bureau of Investigation (CBI) arrested businessman Vijay Nair, former CEO of event management company Only Much Louder, on September 27.
Abhishek was recently arrested by the CBI in connection with an ongoing investigation into alleged irregularities in the design and implementation of the Delhi government's excise policy.
In its reply, the CBI opposed the bail petitions, stating that it would be inappropriate to grant bail while the investigation was still in its early stages. According to the CBI, if the accused is granted bail now, he may tamper with the evidence.
According to the CBI, Vijay Nair acted as a middleman in this case. He has consistently attended the meeting.
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In the Abhishek Boinpally matter, CBI said during the course of the investigation, it has been revealed through statements of witnesses, confessional statement of the accused recorded under section 164 CrPC and the perusal of Bank accounts that Boinpally was part of repeated meetings at Delhi, Mumbai and Hyderabad with the accused persons and other liquor traders in connection with the formulation of liquor policy and to derive benefits out of the provisions of said policy.
Abhishek Boinpally was part of the conspiracy in pursuance of which, he transferred money through hawala channels to co-accused Vijay Nair through co-accused Dinesh Arora prior to the implementation of the policy during the period November 2021 to July 2022, CBI said.
The money transferred by the co-accused Sameer Mahendru of M/s Indospirits was finally landed in the account of Abhishek Boinpally and he has not been able to satisfactorily explain the receipt of the said money, added the CBI.
In August, CBI registered a case in the excise policy scam and issued a Look Out Circular (LOC) against eight private persons named as accused in the case.
A total of nine private persons have been named in the FIR. Except for Manoj Rai, ex-vice president of Pernod Ricard, LOC has been issued against all private persons.
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