Subhash Zhambad: Former Congress MLA Subhash Zhambad granted bail

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(Subhash Zhambad) Former Congress MLA Subhash Zhambad has been granted bail. It is reported that he was released on a personal bond of 1 lakh rupees.

Chhatrapati Sambhajinagar's Ajintha Urban Co-operative Bank's chairman, former MLA Subhash Zhambad, has been granted conditional bail in another case filed at the City Chowk police station.

Zhambad and the directors are accused of embezzling 21 crore by showing bogus deposits as collateral. Special Judge and Additional Sessions Judge Rajesh D. Patil granted bail on a bond of one lakh rupees. They have also received bail in this second case.

Summary

• Former Congress MLA Subhash Zhambad granted bail

• Bail on a personal bond of 1 lakh rupees

• Embezzlement of 21 crore rupees by showing bogus deposits as collateral