Thursday, January 8, 2009

NFCL men granted bail by HC


By S A Ishaqui


Hyderabad, Jan. 7: The Nagarjuna Finance directors, Mr K.S. Raju and Mr P.K.S. Madhav, were granted conditional bail by the High Court on Wednesday. However, the High Court rejected Mr Raju’s plea to exempt him from the liability of paying depositors’ amount back. Both the directors were asked to pay Rs 10 lakh as security.

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