India

Rouse Avenue Court Directs AIIMS For Medical Assessment In 56,000 Bank Loan Fraud Case

In a recent development to a 56000 bank loan fraud case, Rouse Avenue Court has directed the AIIMS director to constitute a medical team. The objective of the team is to assess the defendant arrested in fraud case involving Bhushan Steel LTD.

The court’s decision came after Nitin Johri, filed for bail on medical grounds. Johri is the former chief financial officer of the company. He claimed he was suffering from a serious illness and wasn’t receiving adequate treatment in jail.

However, opposing the Plea, ED argued that the illness wasn’t severe enough to provide treatment outside the jail.

In response, the court ordered AIIMS to establish a medical board and look into Johri’s health as soon as possible. By July 2nd, the board is supposed to present its report, which will be taken into account during Johri’s bail hearing.

The court has ordered the jail authorities to ensure proper medical care to Johri. It further maintained that the option for treatment in a private hospital should be open if necessary. However, Johri will be responsible for covering the expenses incurred during his treatment in a private facility.

The case stems from allegations that former executives of Bhushan Steel, including its managing director Neeraj Singhal, orchestrated a complex scheme involving fake companies to siphon off funds, ultimately leading to a significant bank loan fraud.

This development underscores the ongoing legal proceedings surrounding the alleged financial misconduct at Bhushan Steel, which was acquired by Tata Steel Limited following the corporate insolvency resolution process in 2018.

Also Read: Supreme Court Issues Stern Warning To Delhi Government Over Water Crisis

Shibra Arshad

Recent Posts

Iranian Minister Calls Out President Trump For ‘Disrespectful & Unacceptable’ Toward Khamenei

Iranian Foreign Minister Seyed Abbas Araghchi on Saturday called on US president Donald Trump to abandon what he…

44 mins ago

Gautam Adani Reaches Bhubaneswar; Set to Participate In Jagannath Rath Yatra

Gautam Adani, Chairperson of the Adani Group, arrived in Bhubaneswar and proceeded to Puri to…

2 hours ago

Cold Showers Vs Warm Showers: What’s Best To Start Your Day?

Choosing between cold and warm showers can impact your energy, health, and mood. Here’s how…

2 hours ago

Manoj Tiwari Joins Jagannath Rath Yatra In Puri; Celebrates With Devotees

BJP MP Manoj Tiwari participated in the first day of the Jagannath Rath Yatra in…

3 hours ago

HM Amit Shah To Launch Development & Education Projects Across Gujarat

Amit Shah is visiting Gujarat to inaugurate key education, cooperative, and rural development projects across…

3 hours ago

Parliamentary Committee To Visit Pahalgam Terror Site; Hold Key Meetings In Jammu & Srinagar

Following the recent terror attack in Pahalgam’s Baisaran Valley, a Parliamentary Committee is set to…

3 hours ago