Mohali, Jan. 8 -- The Mohali court of the additional district and sessions judge has granted bail to chartered accountant (CA) Parminder Pal Singh, who was arrested in connection with an alleged multi-crore fraud in a Biofuel company. The accused had been in judicial custody since December 5, 2025.

The complainant, Parmjit Singh, a retired bank employee, alleged that Avtar Singh and his son Jaswant Singh, a US citizen, cheated him of around Rs.3.15 crore by luring him into investing in their company. It was alleged that CA Parminder Pal Singh uploaded forged share certificates, which reduced the complainant's shareholding in the company from 50% to 36%.

Accused counsel argued that Parminder was only serving as the company's CA and had m...