The Supreme Court on Friday issued notice in the SLP preferred by Central Bureau of Investigation (“CBI”) assailing Allahabad High Court’s order of granting bail to Ayodhya Prasad Mishra, former Managing Director of Uttar Pradesh Power Corporation Limited (UPPCL) accused in EPF scam.
The bench of Justices AM Khanwilkar and CT Ravikumar while seeking response from Mishra adjourned the matter for April 8, 2022.
Additional Solicitor General Aishwarya Bhati appearing for the CBI had submitted that the amount of thousands of crores had not been recovered yet.
Appearing for Mishra, Senior Advocate Vivek Tankha had submitted that the accused was a senior citizen suffering from several health issues.
Responding to the submissions made by Senior Counsel, ASG contended that when the fraud was committed the accused was a senior citizen only.
The bench of Justice Dinesh Kumar Singh on July 13, 2021 considering Mishra’s frail health and insufficient evidence had granted bail.
“Considering the age of the accused-applicant, his health condition and his long incarceration in jail and so far, no evidence of money trail involving him having been unearthed by the C.B.I., it would be appropriate to enlarge the accused-applicant on bail,” the order stated.
Background
The accused along with his co-conspirators had allegedly misappropriated funds from the Uttar Pradesh State Power Sector Employees Gratuity Fund and the Uttar Pradesh State Power Sector Employees Pension Fund to invest in private sector…
