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Virbhadra case: LIC agent gets 10-day interim bail

A Delhi court on Friday granted 10 days interim bail to Life Insurance Corporation (LIC) agent Anand Chauhan in a disproportionate assets case involving Himachal Pradesh Chief Minister Virbhadra Singh.

Special Judge Bharat Parashar released Chauhan on interim bail to attend his niece’s marriage in Shimla from November 25 to December 5.

The court asked him to furnish a personal bond of Rs two lakh and two sureties of like amount each.

The court directed him not to leave the country or influence witnesses and tamper with evidence in the case.

The Enforcement Directorate (ED) had filed a chargesheet against Chauhan and accused him of investing Virbhadra Singh’s “tainted” money of Rs 5.14 crore in LIC policies purchased in Virbhadra’s name and those of his family members, including wife Pratibha Singh.

The ED booked him under the Prevention of Money Laundering Act.

A probe had allegedly found that during his tenure as the Union Steel Minister from 2009 to 2011, Virbhadra Singh had accumulated assets worth Rs 6.03 crore in his name and in the name of his family members, which were disproportionate to his known sources of income.