Justice A K Pathak issued notice to the agency on the plea of Anup Prakash Garg who sought bail saying he was arrested by the ED on January 12 in connection with the case involving a Gujarat-based pharma firm and has been in custody since then.
Senior advocate Mohit Mathur, appearing for Anup Garg, sought the relief saying the official has been in custody for four months and the charge sheet has already been filed in the case so he was not required for further probe.
Advocate Nitesh Rana, respresenting the ED, opposed the bail plea saying Anup Garg had granted a loan of nearly Rs 250 crore to the accused firm Sterling Biotech and accepted Rs 1.52 crore illegal gratification during his tenure.
The court listed the matter for July 2 for further hearing.
Anup Garg was the second person to be arrested in the case after the agency had in November last year held Delhi-based businessman Gagan Dhawan.
The CBI had booked Anup Garg, firm Sterling Biotech, its directors Dixit, Chetan Jayantilal Sandesara, Dipti Chetan Sandesara, Nitin Jayantilal Sandesara and Vilas Joshi, chartered accountant Hemant Hathi and some unidentified persons in connection with the case.
It had alleged that the company took loans of over Rs 5,000 crore from a consortium led by Andhra Bank, which turned into non-performing assets. The FIR had also alleged that the total pending dues of the group companies were Rs 5,383 crore as on December 31, 2016.
It had alleged that "various cash payments were made to Anup Garg, as reflected in the entries, on the instructions of the Sandesara brothers, by withdrawing cash from the bank accounts of several benami companies owned by them".
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