Excise Policy case: SC grants bail to businessman Abhishek Boinpally
The Supreme Court on Monday granted bail to Hyderabad-based businessman Abhishek Boinpally in a money laundering case related to the alleged Delhi excise policy scam.
A bench of Justices M M Sundresh and Aravind Kumar made its earlier order of interim bail absolute.
Additional Solicitor General SV Raju, appearing for the ED, did not oppose the bail plea.
"We are inclined to grant him bail," the bench said.
The top court had on August 13 extended the interim bail granted to Boinpally.
On March 20, the top court noted that the businessman had been in custody for 18 months and directed his release on interim bail for five weeks.
Since then, Boinpally's interim bail has been extended from time to time by the apex court.
While granting him interim bail, the top court had asked Boinpally to surrender his passport and directed him not to leave the National Capital Region except for a visit to Hyderabad.
The businessman has challenged a July 3, 2023, order of the Delhi High Court that