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The Supreme Court on Friday granted bail to Baljeet Saini, one of the prime accused in the Cashcoin cryptocurrency scam. Bail was allowed by a Bench of Justices Rohintan Fali Nariman and S Ravindra Bhat subject to Saini furnishing a Rs 1 lakh personal bond and a surety of equal value.
Further, Saini has been directed to deposit Rs 15 lakh with the Court Registry within six months. This amount is to be kept in an interest bearing short-term fixed deposit of a nationalised bank. Apart from these stipulations, bail was granted subject to the following conditions: