New Delhi: Five top corporate executives accused of cheating, forgery and conspiracy in the 2G spectrum allocation scam have been granted bail by the Supreme Court, raising hopes of other accused including former telecom minister A Raja and DMK MP Kanimozhi, who have been jailed for more than six months.
Following the first bail order in the 2G case by a two-judge bench of the Supreme Court comprising Justice GS Singhvi and Justice HL Dattu, Unitech Managing Director Sanjay Chandra, Swan Telecom Director Vinod Goenka and Reliance ADAG officials Gautam Doshi, Hari Nair and Surendra Pipara have come out after spending over six months in Tihar Jail.
"I am glad that the majesty of the law has been sustained. Credit goes to the two judges of the Supreme Court who laid down the law. Let the trial go on," said senior lawyer Ram Jethmalani.
Granting bail the two-judge bench of the Supreme Court said, "It is not in the interest of justice that accused should be in jail for an indefinite period. Since investigation is complete and chargesheet filed there is no good reason to detain the accused in custody."
The Supreme Court also asked accused to deposit their passports and not travel abroad. They will have to furnish two sureties of Rs 5 lakh each.
While lawyers welcomed the court order, they also believe it will go a long way in securing bail for others too.
"Largely, the corporates and the people who are in the periphery of the scam, will almost benefit from this," said advocate Sanjay Hegde.
The Supreme Court order has come as relief not just for the five accused released on bail, but has also raised the hopes of the other accused, who have been behind bars for over six months now. In fact, few of the accused have already moved the Delhi High Court for an early hearing on their bail petitions.