2020 (8) TMI 253 - SCH - Money Laundering

Grant of Regular bail - Money Laundering - siphoning of funds - the allegation is that the amount was given by RFL to entities which were, directly or indirectly, owned or controlled by the applicant, or in which the applicant otherwise had financial interest, including companies linked to RHC - it was held by High Court that this court is persuaded to the applicant to regular bail in the proceedings registered under sections 3/4 of the Prevention of Money Laundering Act 2002. HELD THAT - Issue Notice - List for hearing in the next week.

Summary

The Supreme Court of India issued an order to maintain status quo on the release from jail, and the impugned judgment is not to be treated as a precedent for any other case. The case is listed for hearing in the next week.