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Delhi: A Delhi court on Monday granted bail to Butchibabu Gorantla in a Central Bureau of Investigation (CBI) case related to the alleged Delhi excise policy scam.
Butchibabu is a chartered accountant (CA) by profession and alleged to be a close aid of of Telengana lawmaker and Chief Minister K Chandrashekhar Rao’s daughter, K Kavitha.
He was arrested by the CBI on February 7.
CBI has alleged that he was acting as a part of the “South Group” that had obtained undue benefits under the Delhi Excise Policy 2021-22 by bribing officials of the Delhi Excise Department.
In his order, Special CBI Judge MK Nagpal noted that the alleged involvement of Butchibabu was limited to giving professional advice as a CA and that it was not the case of the prosecution that he was involved in payment of kickback amount or ever received or transferred any amount from his bank account.
The Court said that since the accused had been co-operating with the investigation and since no evidence remained in his possession, there was no justification for keeping him in judicial custody.
“Therefore, in light of the above, the bail application filed by the accused Butchibabu Gorantla in the present case is allowed and he is directed to be released from custody on furnishing of a personal bond in the sum of rupees two lacs (₹2,00,000/) with one surety in the like amount to the satisfaction of this court,” the Court ordered.
Butchibabu Gorantla was represented through Senior Advocate Prmod Kumar Dubey and advocates Abhishek Singh and Abhishek Choudhary.
