Nagpur: The Nagpur Bench of the Bombay High Court has granted bail to the online gaming fraudster Sontu alias Ananth Navratan Jain in the Axis Bank locker case.
Jain’s bail application was allowed in the second FIR which was lodged against him at Gittikhadan Police Station for hatching conspiracy with Dr Bagga, Khandelwal and Kothari and shifting substantial amounts from the bank. They devised a plan that involved opening three new lockers in Dr Gaurav Bagga’s name in the same branch of Axis Bank in Gondia and transferred crores of rupees and gold from the Jain family lockers to the newly established lockers of Dr Bagga.
After successfully moving the gold and cash into Dr Bagga’s lockers, Khandelwal and Dr Bagga handed the valuables to Kothari on July 30. On October 20, the City police raided the house of Dr Bagga and seized 3 kilograms of gold, found from a well, and Rs 1.35 crore in cash. The police arrested Sontu in this case in November last year. The court has allowed his bail application in this case.
The investigation into this online gaming fraud case commenced when Vikrant Agrawal filed a complaint, alleging that he had been defrauded of a staggering Rs 58 crore by the gaming platform. Agrawal claimed that the gaming results had been manipulated which resulted in substantial financial losses for him.
As part of their investigation, the police conducted several raids. On July 22, the police raided Sontu’s residence in Gondia, where they seized Rs 17 crore in cash, 14 kg of gold, and 294 kg of silver, with a combined worth of Rs 27 crore.
