Financial analyst Nitin Mangal, co-author of a research report titled “Biking India” released by Toronto-based equity research firm Veritas Investment Research Corporation on the Indian company Indiabulls in 2012 has been finally granted bail by sessions court in Gurgaon on 11 December. Mangal was sent to police custody for interrogation after Indiabulls lodged complaint against him related with extortion and criminal defamation. He was later remanded to 14 days in judicial custody.
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Business Standard quotes Mangal’s lawyer saying, “The sessions court granted him bail. We will get the detailed order soon.”