Mumbai: Republic Media Network CEO Vikas Khanchandani has been granted bail by a Mumbai court on Wednesday.
The development comes a day after he was remanded to 14 days judicial custody, after spending 2 days in police custody following his arrest in the fraud TRP case by the Mumbai police crime branch on Sunday morning. After having spent the night at Taloja jail, Vikas Khanchandani is expected to be released later in the day.
Even though his anticipatory bail plea was scheduled to be heard on Monday, Vikas Khanchandani was arrested from his residence at 8.30 am on December 13 in connection with the fake TRP scam. This came days after Republic Media Network’s Assistant Vice President Ghanshyam Singh was released on bail post spending 26 days in custody.
After being produced in the Mumbai Metropolitan Magistrate court, the police sought his custody for 14 days. However, the court remanded the Republic CEO to police custody till December 15, and upon its completion, the court sent him to 14 days judicial custody following which he was lodged at Taloja.