Geetanjali Santosh Shrivastava has been granted bail in a significant bank fraud case involving over Rs. 11 crore, with conditions to ensure judicial process integrity.
On January 31, 2024, Judge S.M. Tapkire of the Mumbai Sessions Court granted bail to Geetanjali Santosh Shrivastava, accused in a Rs. 11,94,02,000 fraud case at Rajkot Nagarik Sahakari Bank Ltd. Shrivastava was among 32 accused, including bank employees, agents, and borrowers, charged with conspiracy, cheating, and forgery.
The prosecution alleged that Shrivastava, with the help of co-accused including the then-branch manager Vipul Patel, used fabricated documents to secure loans amounting to Rs. 30 lakhs. Despite opposition from the state, which feared tampering with evidence and flight risk, Shrivastava’s defense highlighted her role as merely a borrower who had already repaid Rs. 5,61,413 towards the loan.
The court, noting that other accused in similar roles had been granted bail, decided in favor of Shrivastava but with stringent conditions to safeguard the trial’s integrity:

Conditions of Bail:
– A personal bond of Rs. 10 lakhs with sureties.
– Not to tamper with or influence witnesses or evidence.
– To attend every trial date and not engage in further criminal activities.
– Not to leave India without court permission.
Conclusion: This ruling emphasizes the importance of judicial discretion in economic crime cases, balancing the rights of the accused with the need for a fair trial.