Aarti Singhal, director of Bhushan Power and Steel Ltd (BPSL), has been granted bail by the Delhi High Court after being arrested by Serious Fraud Investigation Office (SFIO) over fraud charges of INR5,431 crores. The SFIO, the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) are all investigating the company. Singhal was arrested last year on allegations of irregularities and siphoning off of funds via the shell companies for purchasing real estate in Mumbai and Delhi.
