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Mumbai: HC grants bankers bail in Kingfisher loan case

In a relief for the former Chairman of IDBI Bank Yogesh Agarwal and head of the Corporate Banking department, BK Batra, the Bombay High Court granted them bail on a surety of Rs 1 lakh each, in the Rs 900-crore loan scam related to now defunct Kingfisher Airlines

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Vijay Mallya
Vijay Mallya

In a relief for the former Chairman of IDBI Bank Yogesh Agarwal and head of the Corporate Banking department, BK Batra, the Bombay High Court granted them bail on a surety of Rs 1 lakh each, in the Rs 900-crore loan scam related to now defunct Kingfisher Airlines. The Central Bureau of Investigation (CBI) had arrested four employees of the airlines and five staffers of IDBI for the case in January.

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