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Shah trip price

New Delhi, Aug. 26: The Supreme Court today allowed film financier Bharat Shah to go abroad but asked him to furnish Rs 50 crore as security, the biggest-ever imposition of conditional money in Indian history.

Shah is wanted in several criminal cases for alleged links with underworld don Dawood Ibrahim’s gang.

A bench of Justices M.B. Shah and B.P. Singh allowed Shah’s application, seeking permission to go to Belgium to attend the marriages of his younger brother’s son and daughter. The bench directed that Shah’s passport should be handed over to him immediately so that he could make travel arrangements, but added in a brief order that he would not be allowed to go abroad without furnishing the security to the satisfaction of the trial court.

Uday Umesh, the counsel for Maharashtra, opposed Shah’s application. He argued that since India does not have an extradition treaty with Belgium, Shah cannot be brought back to face trial if he decides not to return. He also contended that Shah could be kidnapped by the underworld in a foreign land. Senior counsel Kapil Sibal, who appeared for the diamond merchant, countered the argument, saying there was no question of his client not returning to India as he had a business interest running over Rs 500 crore.

Sibal, a Congress Rajya Sabha member, also pointed out that Shah was one of the biggest diamond exporters in the country.

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