HC notice to SIT over advance bail for Jain

Jain moved the court for anticipatory bail in the Mysore Minerals Limited (MML) case in which he is accused of causing a loss of around Rs 300 crore to the company when he was its managing director from 2007 to 2008. The special court of the Lokayukta recently rejected his application for anticipatory bail.

The top official has argued that when the matter of loss to the exchequer was referred to the then Lokayukta Justice Santosh Hegde, he gave a report the there was no material to show that Jain was involved in causing loss to the MML. In a subsequent enquiry by the MML itself, the company also declared that there had been no loss to it. However, a complaint was filed later, accusing Jain again of causing a loss of Rs 43 crore to the MML.

In his application, Jain contended that when another accused in the case, former chief minister H D Kumaraswamy, has been granted anticipatory bail, he too was entitled to it.

Justice Rathnakala ordered that notice be issued and adjourned the hearing until Friday.