The Bombay High Court granted interim bail to Videocon Group chairman Venugopal Dhoot on Friday in a case registered by the Central Bureau of Investigation. In his bail petition, he claimed that his arrest on December 26, 2022, in an alleged loan fraud case was illegal.

Special CBI court rejected Dhoot’s plea on 5th January 2023. He is currently in judicial custody at Arthur Road Jail.

A Division Bench of Justice Revati Mohite-Dere and Prithviraj K Chavan granted an order of interim release to Dhoot pending hearing and final disposal of his writ petition that also sought to quash and set aside the remand order passed by the special CBI court and CBI FIR.

The bench had reserved its judgment on Dhoot’s interim bail plea on 13th January 2023, which it pronounced yesterday.

The bench also rejected an intervention plea by lawyer Ghanshyam Upadhyay against the relief cost of Rs 25,000 to be deposited with the Maharashtra State Legal Services Authority.

Dhoot’s lawyer made a statement that he has surrendered his passport and will restrict his travel.

The court held that Dhoot’s arrest was not in accordance with the law.