Disproportionate Assets Case: Telangana HC grants Bail to Former GST Official [Read Order]

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Disproportionate assets -Telangana High Court - grants bail - Former GST official - Bollineni Srinivasa Gandhi - taxscan

The Telangana High Court granted the bail to Former GST official Bollineni Srinivasa Gandhi allegedly involved in the Disproportionate assets case.

It was alleged that the petitioner, Bollineni Srinivasa Gandhi is that while he was working as Public Servant in different capacities such as Assistant Director of Directorate of Enforcement, Hyderabad and as Superintendent in Central GST, Hyderabad, during the period from 01.01.2010 to 27.06.201.9, has amassed assets in his name and in the name of his family members, which prima facie appears to be disproportionate to his known sources of income and cannot be satisfactorily accounted for. The petitioner has acquired disproportionate assets to the tune of Rs.3,74,73,046/- during the check period and thus committed the offences.

The petitioner was arrested by the CBI on April 21, 2020 in the Disproportionate assets case, and earlier moved the Special Court for CBI cases, for bail. When the court rejected his plea on May 20, he moved the High Court.  The CBI had booked Gandhi and his wife Sireesha in July, 2019 for allegedly illicitly amassing wealth to the tune of Rs 3.74 crore.

The single judge bench of Justice G.Sri Devi said that the petitioner shall be released on bail on his executing a personal bond to the tune of Rs.50,000/- with two sureties for a like sum each to the satisfaction of the Principal Special Judge for C.B.I. Cases, Nampally, Hyderabad.

The court ordered the petitioner to surrender his passport, before the concerned Court at the time of execution of bonds and he shall not leave the territory of India without prior permission of the Court. If the petitioner has no passport or he has already submitted the same in any case, he shall file an affidavit to that effect.

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