Hotline: 1800 102 2007
X
Search Business Opportunities
Nov, 04 2015

Court grants bail to Railways official in Rail Neer scam

Indian Railway Traffic Service (IRTS) officer Sandeep Silas, arrested along with two others in connection with alleged corruption in supply of packaged drinking water in Rajdhani and other superfast trains, was granted bail today by a Delhi court.

Indian Railway Traffic Service (IRTS) officer Sandeep Silas, arrested along with two others in connection with alleged corruption in supply of packaged drinking water in Rajdhani and other superfast trains, was granted bail today by a Delhi court.

Judge Vinod Kumar granted the relief to Silas, a 1984-batch IRTS officer, on a personal bond of Rs 50,000 with one surety of the like amount considering that his statement has already been recorded by CBI in detail and he has given the explanation with respect to his alleged role in the case, reported PTI.

"I have considered the submissions and I have also perused the case diaries and police record. The statement of accused Sandeep Silas has been recorded by investigating officer (IO) in detail in which he has given explanation in respect of his role in the present matter," said the judge.

"Without expressing any opinion on the merit of his explanation, I am of the opinion that it would not be appropriate to withhold the benefit of bail to the applicant especially when he fully cooperated with IO in his five days police remand," the judge added.

The court had earlier granted bail to co-accused M S Chalia, also an IRTS officer of 1987 batch. It had however, dismissed the bail plea of businessman Sharan Bihari Aggarwal, owner of R K Associates.

These three accused were arrested by CBI in the case in which it has alleged that supply of other brands of packaged water had resulted in a loss of Rs 6.25 crores to Railways.

CBI has alleged that Silas and Chalia had conspired with Aggrawal and instead of taking Rail Neer, they had allowed some private firms to supply bottled water in the trains, which resulted in a loss to the exchequer.

It is also said that searches were conducted during the probe in which approximately Rs 28 crore cash was recovered, out of which around Rs four lakh was counterfeit.

Comment
Related opportunities
  • Quick Service Restaurants
    About Chaat Adda: Chaat Adda is a unique concept where we..
    Locations looking for expansion Madhya pradesh
    Establishment year 2014
    Franchising Launch Date 2014
    Investment size Rs. 5lac - 10lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Indore Madhya pradesh
  • Food processing equipment
    About Us: Paramount Industries is the oldest and leading Refrigeration &..
    Locations looking for expansion New Delhi
    Establishment year 1957
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi New Delhi
  • E-Commerce & Related
    About Us   Company Name: Ankit Enterprises Brand Name: meSleep Ventured into their..
    Locations looking for expansion Delhi
    Establishment year 2010
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Snacks / Namkeen shops
    About : • Established in the year 1992, National Chikki is..
    Locations looking for expansion Maharashtra
    Establishment year 1992
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities