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LG Polymers top officials gets bail

LG-Polymers-top-officials-gets-bail

Nearly a month after the arrest of top officials of LG Polymers, the AP High Court on Tuesday granted bail to 12 people including the firm’s CEO Sunke Jeyong, director DS Kim, additional director Mohan Rao and eight other officials. The police had booked cases against the 12 top officials under Sections 278, 284, 285, 304, 337 and 338. Subsequently, they were taken into custody on July 7 for the gas leak that occurred in the early hours of May 7 from the plant operated by LG Polymers at Venkatapuram village outside Visakhapatnam.

At least 14 people died and hundreds hospitalised. Chief Minister YS Jaganmohan Reddy subsequently set up a high-power committee to probe the incident, and announced Rs 1 crore compensation to the kin of the deceased. On June 1, the NGT had ordered the South Korean company to deposit Rs 50 crore. The Supreme Court had put on hold, for 10 days, the disbursal of Rs 50 crore compensation by LG Polymers for the Vizag gas leak incident, as directed by the National Green Tribunal. The high-power committee had submitted a 350-page report to Jagan nailing the LG Polymers for human negligence and security lapses.

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