FOLLOW UP: Indiabulls-Veritas battle – Financial analyst Nitin Mangal gets bail in the defamation case

Indiabulls-Veritas battle

Indiabulls-Veritas battle

New Delhi: 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.”

Ashish Pandey

I am a business and finance journalist who is currently employed at Financial Express and previously at Zee News. My areas of interest include business and foreign policy. You can reach me on Twitter at @ashuvirgo1984 or @eFundsPlus.

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