Court grants bail to Kejriwal's nephew
New Delhi, June 11: A court here on Monday granted bail to Delhi Chief Minister Arvind Kejriwal's nephew Vinay Bansal arrested in connection with an alleged scam worth Rs 6 crore in the Public Works Department (PWD).
Special Judge Kamini Lau granted him bail, asking him to furnish a personal bond of Rs 2 lakh with one local surety of the like amount.
Last month, the Anti-Corruption Branch arrested Bansal from his residence in west Delhi's Pitampura after he failed to give satisfactory replies about a firm.
The son of Kejriwal's late brother-in-law Surender Bansal, he was a partner in a firm alleged to be involved in the scam.
The ACB registered an FIR on May 8, 2017 after a complaint that Surender Bansal got a tender below 46 per cent on behalf of company Renu Construction, on the estimated cost of Rs 4.9 lakh.
It was also mentioned in the complaint that the quality of iron and cement supplied were not up to the mark.
During the probe, it was found that iron and cement were brought from Mahadeo Impacts, which was later found to be non-existent. Vinay Bansal was a partner with his father in Mahadeo Impacts.
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Middle East crisis: Oil prices cross $83 per barrel as Strait of Hormuz disruption hits supply
New Delhi: Global crude oil prices rose sharply on Thursday, crossing $83 per barrel, following Iran’s move to shut down the Strait of Hormuz amid escalating tensions in the Middle East.
Oil prices have increased by more than 2 per cent due to concerns over supply disruptions in the region, which is a key route for global energy shipments.
A sustained rise in crude prices could significantly affect India’s import bill. Government estimates indicate that an increase of $1 per barrel in crude oil prices for a full year could raise India’s import bill by around Rs 16,000 crore.
However, government sources said India remains in a relatively comfortable position in the short term. The country currently has crude oil reserves sufficient for about 25 days, along with an additional 25 days’ supply of petroleum products, including shipments already in transit to Indian ports.
India imports nearly 85 per cent of its crude oil requirements from the Middle East, with much of the supply traditionally passing through the Strait of Hormuz, one of the world’s most critical oil transit routes.
Officials said India has strengthened its energy security in recent years by diversifying its sources of crude oil imports. Supplies have increasingly been sourced from countries such as Russia, African nations and the United States, reducing dependence on Gulf routes.
As a result, a portion of India’s oil imports now bypasses the Strait of Hormuz.
India spent about $137 billion on crude oil imports in the financial year ending March 31, 2025. In the current financial year, from April 2025 to January 2026, the country spent approximately $100.4 billion to import 206.3 million tonnes of crude oil.
