Special Judge Arvind Kumar allowed the bail pleas of accused R K Nanda and J B Subramaniyam, who were earlier summoned by the court.
The court granted them the relief on furnishing of a personal bond of Rs one lakh and a surety of the like amount.
It also directed them not to leave the country without the court’s prior permission and not to tamper with the evidence or influence the witnesses.
Advocate N K Matta, who represented the Enforcement Directorate, opposed the bail applications saying there was enough evidence on record to show the involvement of the two accused in the case.
The court had last year issued an open-ended non-bailable warrant against James, a British national, while summoning his Indian associates and M/s Media Exim Private Limited in the case. The firm was created by James, along with Nanda and Subramaniyam who are directors of the firm.
PTI