Case Law Details
Ramesh Manglani Vs Directorate of Enforcement (Delhi High Court)
Delhi High Court granted regular bail on the reasonable grounds based on which it can be believed that the petitioner is not guilty of offence under section 3 of PMLA and also that petitioner has materially co-operated in the investigation.
Facts- By way of the present petition under section 439 of the Code of Criminal Procedure, 1973 read with section 45 of the Prevention of Money Laundering Act, 2002 (PMLA), the petitioner seeks regular bail in proceedings arising from case registered by the Enforcement Directorate (ED) under Sections 3 and 4 of the PMLA.
The FIR was registered on the complaint of Vinod Rajagopalan in his capacity as the Authorised Signatory of M/s. Malav Holdings Private Limited (MHL, for short), alleging that the accused persons had siphoned-off an amount of Rs.18.88 crores from one M/s. Ligare Aviation Limited (Ligare Aviation) in 2014-15 on the basis of fake/fictitious invoices.
The petitioner, who is admittedly a resident of Dubai, arrived in India on 02.04.2022, when he was intimated by the immigration authorities about a look-out-circular issued against him. The petitioner was summoned by the ED on 05.04.2022 to join investigation and joined investigation on 07.04.2022. The petitioner was subsequently arrested by the investigating agency on 03.08.2022 from his residence in Mumbai.
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