A Delhi court recently granted bail to Nitin Johri, an accused in the money laundering case related to the alleged ₹56,000 crore bank loan fraud committed by Bhushan Steel.
Johri, the former Chief Financial Officer (CFO) of Bhushan Steel, was arrested by the Enforcement Directorate (ED) in January 2024. He was later diagnosed with cancer and underwent surgery.
In an order passed on July 12, Special Judge (PC Act) Jagdish Kumar of the Rouse Avenue Court acknowledged that Johri falls under the category of sick and infirm.
The Court noted that due to Johri’s health condition, he may need urgent treatment, but the scheduled dates for his tests are taking months.
Johri argued that after the removal of his cancerous kidney, he has only one functional kidney and has developed chronic kidney disease, which further compromises his health.
He also contended that he was merely a salaried employee of Bhushan Steel and did not receive any proceeds of crime.
The ED opposed the bail plea, citing a second opinion from AIIMS stating that Johri could be treated in the jail hospital.
Senior Advocate Pramod Kumar Dubey represented Nitin Johri.
