Hyderabad: Former TV9 CEO Ravi Prakash released on bail

Former TV9 CEO Ravi Prakash has been released on bail on Saturday. He was in the judicial remand at Chanchalguda jail.

The High Court has granted bail on Friday and directed a local court in Kukatpally to Ravi Prakash to release Ravi Prakash. He was also ordered to submit a personal bond and two sureties worth Rs 15,000 each to the court.

Ravi Prakash has been sent to the remand in connection with a case filed against him over alleged financial irregularities of Rs 18 crore from ABCL. However, the Cyberabad police have taken him into custody on the charges of cheating ABCL by creating a fake email ID and was produced before Kukatpally court which remanded him till October 30.

Meanwhile, the High Court granted him bail in case of creating a fake email ID and directed Kukatpally court to grant him bail.