Former Himalayan Re-Insurance Director Rohit Gupta Released on Bail
Summary
Former Himalayan Re-Insurance director Rohit Gupta has been released on bail after the Supreme Court overturned the Special Court’s detention order in a money laundering case linked to Deepak Bhatta. He walked out of Dillibazar Jail after submitting the required bank guarantee.
Key Points
- Rohit Gupta, the former director of Himalayan Re-Insurance, has been released on bail after submitting the required amount.
- The Supreme Court overturned the Special Court’s order in the money laundering case linked to Deepak Bhatta and set bail at Rs 2 crore.
- The case alleges that Himalayan Re-Insurance funds worth Rs 2.73 billion were used to buy shares in Bhatta’s name.
- Gupta was released from Dillibazar Jail on Thursday evening after the bank guarantee was submitted.
