India, July 19 -- An 85-year-old man accused of selling 5,000 unlisted National Stock Exchange (NSE) shares mistakenly credited to his demat account has been granted anticipatory bail by a Mumbai sessions court, which held that custodial interrogation was unnecessary as the case rests largely on documentary evidence and is already the subject of a civil dispute before the Delhi High Court.

Additional sessions judge V.B. Bohra passed the order in favour of Kashmiri Lal Rana on Friday in a case registered by the BKC police. The FIR alleges that Rana dishonestly sold the shares despite knowing they had been mistakenly credited to his account.

The prosecution opposed bail, claiming his two sons live in the United States, raising the possibi...