Excise case: SC grants bail to businessman Abhishek Boinpally

NEW DELHI: The Supreme Court on Monday granted bail to Hyderabad-based businessman Abhishek Boinpally in a money laundering case related to the alleged Delhi excise policy scam.

A bench of Justices M M Sundresh and Aravind Kumar made its earlier order of interim bail absolute.

Additional Solicitor General SV Raju, appearing for the ED, did not oppose the bail plea.

"We are inclined to grant him bail," the bench said. The top court had on August 13 extended the interim bail granted to Boinpally.

On March 20, the top court noted that the businessman had been in custody for 18 months and directed his release on interim bail for five weeks.

Since then, Boinpally's interim bail has been extended from time to time by the apex court.