Bank manager granted bail on health grounds

Bank manager granted bail on health grounds
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Srinagar: A trial court in Srinagar on Thursday granted interim bail to a former manager of Canara Bank Mukhti Nath Doley who is allegedly involved in a multi-crore bank scam.
The court had already granted interim bail to accused till 17 January,2018 in FIR no.40/2017 and today in another FIR no.57/2017 court granted interim bail till 12 February,2018 on health grounds.
Advocate Amir Masoodi who represented Doley stated before court that the accused is suffering from Extra Pulmonary tuberculosis which is in final stage. He further stressed that in case the accused is not released from custody his health condition will deteriorate more which won’t be later compensated by any means whatsoever.
Special Judge Anti-corruption, Srinagar while granting interim bail to the accused till 12 February 2018 directed him to surrender passport before the police.
The court directed him to remain available with the investigation officer of the case for further investigation. “Accused while on bail shall not in any way threaten or induce or intimidate or even to contact the prosecution witnesses. He shall not leave the territorial jurisdiction of this court without prior permission of this court,” the court said.
Doley, former Canara Bank Manager who hails from Assam was arrested by the special team of J&K police from his native place Kumargoa Assam. As per the case details, Police Station Maisuma received a complaint from manager of Canara Bank, Lal Chowk branch, regarding disbursement of loan worth Rs 10 Crore to seven business units which failed to repay the loan amount. During investigation it surfaced that some cheaters were hand in glove with the then manager and fraudulently doctored documents to sanction loans for non-existing business units.