The Bombay High Court, recently, granted pre-arrest bail to an accused, a businessman allegedly involved in a financial fraud case of Rs 25 lakh.

A case was registered at Khadakpada Police Station in Thane district of Maharashtra under sections 420 and 406 of the Indian Penal Code (IPC) and Sections 3 and 4 of the Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act, 1999, against the 33-year-old businessman identified as Prashant Bhoir.