Udupi: Bhaskar Shetty murder accused granted bail to conduct father's funeral rites
Udupi: The Udupi sessions court has given 15 days' conditional bail to Nandalike Niranjan Bhat, 30, the accused in the murder of businessman Bhaskar Shetty. Bhat had been in prison for four years, unable to get bail.
His father Srinivas Bhat, who had been accused of destroying evidence of the case, died of ill-health on June 22. Since Niranjan Bhat is the only son of Srinivas Bhat, he had requested for conditional bail to conduct the last rites of his father.
Justice C M Joshi, Udupi district and sessions judge, has granted Bhat bail. While the District Magistrate's court granted bail on June 24. The court has ordered that Bhat submit a bond of Rs 5 lakh for the conditional bail, appear in court, and submit himself to judicial custody on July 7.
Bhat, who is currently in the Parappana Agrahara Jail, Bengaluru, is likely to be released on conditional bail on June 25, said sources.
Bhat has been accused of murdering Bhaskar Shetty along with his wife and son at his house in Indrali on July 28, 2016, before burning the bodies. The police arrested him on August 8, 2016. Bhat had tried to kill himself by swallowing his diamond ring and earrings.
Srinivas Bhat and Raghavendra had been arrested on August 11, 2016, for the destruction of evidence of the case. The Udupi District and Sessions Court had granted them bail on October 1, 2016.
Srinivas Bhat, who had been suffering from ill-health for some years, failed to present himself for the hearings. The court had rejected Niranjan Bhat's plea for a month's bail to take care of his father on August 9, 2019, but has granted him conditional bail after four years.
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Rupee falls 9 paise to all-time low of 90.58 against US dollar in early trade
Mumbai (PTI): Rupee depreciated 9 paise to an all-time low of 90.58 against US dollar in early trade on Monday, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows.
Forex traders said rupee is trading with a negative bias as investors are in wait and watch mode and awaiting cues from the India-US trade deal front.
At the interbank foreign exchange market, the rupee opened at 90.53 against the US dollar, then fell further to an all-time intraday low of 90.58 against the greenback, registering a fall of 9 paise over its previous close.
On Friday, the rupee had slipped 17 paise to close at an all-time low of 90.49 against the American currency.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent lower at 98.35.
Brent crude, the global oil benchmark, was trading higher by 0.52 per cent at USD 61.44 per barrel in futures trade.
On the domestic equity market front, the 30-share benchmark index Sensex was trading 298.86 points lower at 84,968.80, while the Nifty was down 121.40 points at 25,925.55.
Foreign Institutional Investors sold equities worth Rs 1,114.22 crore on Friday, according to exchange data.
"FPIs continue to be in selling mode in equity and debt while RBI has been selling dollars to fund their long positions," said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.
