Mumbai (PTI): A Mumbai court on Wednesday granted bail to a businessman, held in a car accident caused by his minor son that led to the death of a person last month, noting that prima facie the father lacked knowledge of his son taking out the vehicle for a drive.

Additional Sessions Judge R M Jadhav allowed his bail on a bond of Rs 50,000 and mainly relied on the statement of a watchman of the building where the businessman resides while granting him relief.

The accident occurred on February 5 near Somaiya College in Mumbai's Ghatkopar area.

As per police, the minor son of the businessman, booked for culpable homicide not amounting to murder, was driving a Kia Seltos when it collided with a scooter, leading to the death of its rider Dhrumil Patel. The deceased's wife Meenal, who was riding pillion, suffered grievous injuries in the crash.

The boy's father was arrested on February 10 and booked under Bharatiya Nyaya Sanhita (BNS) provisions related to rash driving, culpable homicide not amounting to murder, act endangering life and safety of others as well as relevant sections of the Motor Vehicles Act.

The accused, through his advocate Manish Singh, had argued during bail hearing in the court that he was neither present at the accident spot nor driving the vehicle at the relevant time.

He claimed had no knowledge of his son taking the vehicle on the day of the accident and was not responsible for the fatal crash.

Public Prosecutor P B Bankar opposed the bail application, contending the father allowed his son to drive despite knowing the minor did not possess a valid licence.

Advocate Ruben Mascarenhas, appearing for an intervenor (representing the victim's family) , highlighted that the minor operated an Instagram account which featured reckless driving stunts.

The applicant/accused had knowledge of this fact, but still allowed his son to drive the SUV. Hence, prima facie an offence was made out against him, he added.

The advocate submitted that the accused offered Rs 40 lakh to the victim's family to settle the case and claimed that the minor's Instagram history was tampered with.

Additional Sessions Judge Jadhav, after hearing all sides, relied on the statement of a watchman of the businessman's building while granting bail.

It is noted that at 10.15 pm (on the day of accident) the juvenile accused approached the watchman and asked for the car's keys (which were in the latter's possession at that time). The watchman claimed that without questioning the teenager, he handed over the keys to the minor as he happened to be the son of the accused, the court order said.

Later, when the father came down and found that his car was not there in the parking lot, he enquired with the watchman, and came to know the vehicle was taken by his son, it said.

"Prima facie, the material on record thus goes to show that the applicant/accused was not having knowledge of the fact that at the time of incident his son took the vehicle which is required to be noted here," the court held.

The court directed the businessman not to leave Mumbai without its permission and desist from any attempt to influence witnesses in the case.

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Mumbai (PTI): The rupee settled with gains of just one paisa to close at 94.15 against the US dollar on Monday, as rising global uncertainty, escalating tensions in West Asia and soaring crude oil prices weighed on investor sentiments.

Forex traders said the INR/USD pair pared its initial losses, but the overall bias remains negative as FII sell-off and elevated crude oil prices restricted the gains for the local unit.

At the interbank foreign exchange market, the rupee opened at 94.25 against the US dollar, and touched an intraday high of 94.11 and a low of 94.28 against the greenback during the day.

At the end of Monday's trading session, the rupee was quoted at 94.15, registering a gain of just 1 paisa over its previous close.

On Friday, the rupee extended its losing streak for the fifth day in a row, depreciating 15 paise to close at 94.16 against the US dollar.

"The rupee snapped a five-session losing streak, rebounding in tandem with a rally across regional currencies. However, the mood remains apprehensive as the market braces for a potential RBI intervention around 94.30 and higher crude oil prices," said Dilip Parmar – Senior Research Analyst, HDFC Securities.

On the charts, the USDINR pair has reclaimed its upward momentum, carving out a classic bullish structure of higher highs and lows on the daily time frame, he said, adding that for the coming sessions, 93.80 serves as a support, with 94.40 acting as the primary hurdle.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.21 per cent at 98.32.

Brent crude, the global oil benchmark, was trading higher by 2.36 per cent at USD 107.82 per barrel in futures trade.

On the domestic equity market front, Sensex jumped 639.42 points to settle at 77,303.63, while the Nifty surged 194.75 points to 24,092.70.

Foreign Institutional Investors offloaded equities worth Rs 1,151.48 crore on Monday, according to exchange data.

Meanwhile, India's forex reserves jumped by USD 2.362 billion to USD 703.308 billion during the week ended April 17, the Reserve Bank of India (RBI) said on Friday.

In the previous reporting week, the forex kitty had increased by USD 3.825 billion to USD 700.946 billion.