2025 (1) TMI 12 - SCH - Money Laundering

Money Laundering - Seeking grant of Anticipatory Bail - commission of a serious economic offence of money laundering - offence punishable under Section 3 read with Section 4 of the Prevention of Money Laundering Act, 2002 - it was held by High Court that ' The anticipatory bail application filed by the petitioner is dismissed.' HELD THAT - In view of the averments made in the present application, the order dated 21.11.2024 is partly modified and it is clarified that the appellant, Rajkumar Daitapati, has deposited ₹80,00,000/- in the account of the respondent, Directorate of Enforcement, in the Union Bank of India (erstwhile, Corporation Bank). ₹20,00,000/- will also be deposited in the same account. Application disposed off.

Summary

The Supreme Court, presided over by Chief Justice Sanjiv Khanna and Justice Sanjay Kumar, addressed a modification to an earlier order dated 21.11.2024. The appellant, Rajkumar Daitapati, has deposited Rs. 80,00,000 in the account of the Directorate of Enforcement (ED) at the Union Bank of India. An additional Rs. 20,00,000 is to be deposited in the same account. The Court clarified that the deposited amount will be repatriated to the complainants, including Tom Izaks, after necessary formalities are completed. The ED is granted the opportunity to file an application with the Court if any grievances arise. The ED is also tasked with informing the complainants of this order. The miscellaneous application is resolved as per these terms.