One of 12 Reebok case accused gets bail

A Gurgaon court on Tuesday granted bail to Surakshit Bhatt, a co-accused in the Rs 870 crore Reebok India scam. While granting bail, the court of Judicial Magistrate (trial) asked Bhatt to produce two sureties and deposit Rs 1 lakh.

While hearing the case, the trial court of Sandeep Yadav, JMIC Gurgaon, also directed Bhatt, former sales executive with Reebok, to surrender his passport and even restricted him from entering Reebok office premises to ensure fair investigation. The next hearing in the case has been scheduled for December 7.

Bhatt's counsel, Harish Malhotra, said that his client was ready to abide by any condition imposed by the court to grant the bail. "He said the investigating agency has failed to recover anything from Bhatt during his police custody, nor were they able to establish any kind of bungling," he said.

Malhotra further said that his client would extend full cooperation to the investigators as and when required and share whatever information he had with him. "Bhatt will be out on bail on Thursday after his passport is surrendered and other formalities are completed," he said.

On October 17, the court had rejected Bhatt's bail plea, which he had filed through his counsel, after observing that that bail cannot be granted in a scam of such a magnitude. His counsel had then appealed in the sessions court against the order.

Meanwhile, the Serious Fraud Investigation Office (SFIO), the country's corporate fraud investigation body, had arrested 12 accused including two main accused - ex-MD Subhender Singh Prem and ex-COO Vishnu Bhagat - in the Reebok India scam. The agency claimed to have found evidence related to falsified documents for sundry debtor charges amounting to Rs 500 crore. The court has already rejected the anticipatory bail application of two main accused Prem and Bhagat.

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