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.
Source: Barandbench
