Senior Income Tax official and IRS officer Yogendra Mittal, who was arrested by CBI for demanding and receiving bribe from Ullhas Prabhakar, the prime accused in the multi-crore stockguru scam, was granted bail by a Special CBI court here on Monday. Then Assistant Director of Income Tax, Mr. Mittal was accused of demanding huge amount of bribe from Ullhas alias Lokeshwar Dev ile carrying out raids at his office and residence in 2011.

Special CBI judge Gurvinder Pal Singh granted him bail while accepting the argument of Mr. Mittal’s counsel Vijay Aggarwal that the CBI could not recover the alleged bribe money and did not have any primary evidence against him.

The court noted that the CBI has not been able to unearth the involvement of any other IT official in respect of the bribe demand and the conspiracy to fudge the case, and that Ullhas had made the disclosure about Mr. Mittal’s role at a later stage which raises “danger of introduction of coloured version”.

Keeping in mind his lack of criminal antecedents and sanction for prosecution, the court released Mr. Mittal on bail for a personal bond of Rs. 1 lakh and also directed him not to leave the country without prior permission.

“Maximum punishment entailed for alleged commission of offences [for which Mr. Mittal has been booked] is seven years. Mr. Mittal is under detention since December 23, 2013. He is an IRS officer . It is stated that he has roots in the society and shall subject himself to due process of law and has subjected himself to investigation as and when asked for,” the court observed.

Stating that “no material has been put forth by the investigating agency to substantiate their apprehension that he may tamper with evidence or hamper investigation if released on bail,” the court said: “It is not the case of the investigating agency that accused would flee from course of justice if enlarged on bail.”