A complainant, Bakhshish Singh, alleged that the deal never matured and the accused failed to return the money.
The case was registered in 2003 in Patiala. Daler was subsequently arrested and released on bail after a few days.
Pleading innocence, Daler told the media on Friday: "I have been granted bail. We will appeal in a higher court."
Police had earlier moved two petitions before the court saying that Daler was not required in the case as he had nothing to do with the immigration fraud, called 'kabootarbaazi' -- meaning flying pigeons referring to numerous youth in Punjab trying to use illegal means to settle abroad.
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