Srinagar, Dec 24: A court on Saturday granted interim bail to a Canara Bank Manager Mukhti Nath Doley, accused of issuing fake loans to fake business establishments.
Advocate Aamir Masoodi who was pursuing the case of Mukhti Nath Doley said that the Special Judge Anti-corruption Kashmir Srinagar, Yash Paul Bourney granted the interim bail to Doley upto 17 January, 2018, provided he furnish two surety bonds in the amount of rupees one lac each before this court and personal bond in the like amount before the Station House Office (SHO) Maisuma Srinagar.
He said that Doley was the Bank Manager of Canara Bank of Branch Budshah Chowk till 2015 and was arrested for his residential house at Dergaon Assam after being accused of issuing fake loans to fake business establishments worth crores. “Doley was on medical leave when he was arrested at his home on 04, December 2017,” he said, adding that FIR under number 40/2017 under sections 420, 467, 471, 120-B RPC r/w 5(2) P.C. Act at Police Station Maisuma stands registered against him.
“The surety bond in the sum of Rs 1,00,000 was submitted on behalf of the accused was accepted by the court and directed the police to release the accused after obtaining personal bond from him in the sum of Rs 1,00,000,” he said. (KNS)