India, Feb. 27 -- The Bombay high court on Tuesday granted bail to two accused in the multiple financial fraud cases related to Cox & Kings Limited (CKL) on account of their prolonged incarceration, and because the main accused in the case has already been granted bail by the Supreme Court.

The accused - CKL's chief financial officer Anil O. Khandelwal and internal auditor Naresh Tikamchand Jain - were arrested on March 2, 2021, in connection to the alleged financial fraud by CKL, stemming from its extensive borrowing from multiple institutions and banks from 2011 to 2019. Several complaints filed against the company alleged that it had secured loans under the false pretence of financial stability. Khandelwal and Jain were accused of pla...