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Fifteen
months after big-time film financier and diamond trader
Bharat Shah was incarcerated due to his alleged connections
to the underworld, the Supreme Court garanted him bail yesterday.
Shah
was arrested on 8 January 2001 for his alleged links with
underworld mafia don Chhota Shakeel under the Maharashtra
Control of Organised Crime Act (MCOCA).
The Supreme Court directed Shah to furnish a bail bond of
Rs 100,000 and two sureties of like amount and directed
him to surrender his mobile phone to investigating agencies.
Shah's passport, which was surrendered to the trial court,
will not be released without the court's permission.
The
Supreme Court has ordered an expeditious trial in the case.
At
that time of his arrest, the Mumbai police exposed his alleged
connections with Pakistan-based gangster Chhota Shakeel
in the making of the film Chori Chori Chupke Chupke.
Shah's links to B4U Multimedia, in which he had a 92 per
cent stake, forced B4U to transfer all its assets and functions
to another group company B4U Television Networks on 1 April
2001.
Shah holds no equity in B4U Television networks. B4U Multimedia
was in fact another name for Shah's own company VIP enterprises
and had been promoted to further the B4U's plans to come
out with an IPO.
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