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The Supreme Court of India, on Thursday, September 23, granted bail to Nagpur businessman Vinay Jaidev Wasankar, who had been in custody for over seven years.
Wasankar was accused of duping about 800 persons and was also allegedly involved in some other economic offences. Reportedly, he had duped people off ₹127 crore.
Prior to this, the Nagpur bench of Bombay High Court had rejected Wasankar’s plea for regular bail.
After being rejected from the High Court, the accused then approached the top court.
Senior counsel Shekhar Naphade represented petitioner Vinay Wasankar, while Adv Rahul Chitnis appeared for the State of Maharashtra.
Justice S Abdul Nazeer and Justice Krishna Murari heard the case and ruled out the judgement of granting bail to the accused.
States’ request of not granting bail to the accused was denied by the top court during the hearing.
Earlier, the Nagpur Bench of the Bombay High Court had denied Wasankars’ plea for bail four times stating that the crimes, of which he was accused, were serious in nature.