MUMBAI, April 12 -- A special Central Bureau of Investigation (CBI) court on Friday granted bail to 11 accused in a Rs.100-crore loan fraud case involving Punjab National Bank (PNB), observing that the investigation is complete, no custodial interrogation was sought during the probe, and all material evidence has already been seized. In near-identical orders passed for all accused, Special Judge J P Darekar recorded that none of the accused were arrested during the investigation and had appeared before the court pursuant to summons issued after the filing of the charge sheet. The court further noted that "nothing remains to be recovered or discovered". The case pertains to loans sanctioned to Siddhi Vinayak Logistics Ltd between 2013 and 2017 for purchasing 335 commercial vehicles. The CBI alleges the firm and its promoters secured loans through misrepresentation, failed to fully hypothecate assets, and diverted funds. As per the FIR lodged in December 2022, only about 240 vehicles were documented against loans worth around Rs.100 crore. Several vehicles were allegedly untraceable or financed elsewhere, causing the bank a loss of Rs.87.46 crore. The accused granted bail include promoters and directors Roopchand Baid, Deepak Kumar Baid, Rajkumar Roopchand Baid and Laxmidevi Baid. Also named are Srikant Swain of Addplus Distributors Pvt Ltd and Anand Vijaikumar Singh of Transport Solutions India Pvt Ltd. The court also granted bail to former and serving bank officials, including then PNB chief manager Prakash Chandra Patra. While noting the seriousness of the allegations of conspiracy and fraud, the court held that further custodial interrogation was not warranted at this stage as the material evidence has already been seized....