Bombay High Court Grants Bail to Gokulnath Shetty, Prime Accused in PNB Fraud Case, Citing Prolonged Incarceration

In a significant development, the Bombay High Court has granted bail to Gokulnath Raghu Shetty, the accused No.1 in the Punjab National Bank (PNB) fraud case. The case, registered under FIR No.R.C. No.02/E/2018-CBI/BS&FC/Mumbai, involves allegations of financial irregularities amounting to Rs.7,080.86 crores. The court, presided over by Justice M. S. Karnik, passed the order on February 15, 2024. Key Points: 1. Background of the Case: - Gokulnath Raghu Shetty, a…