Bail in serious money laundering case not granted as ED’s case is founded with extensive documentary evidence

Arvind Dham Vs Directorate of Enforcement (Delhi High Court) Delhi High Court held that bail in serious money laundering case involving defalcation of public money not granted as ED’s case is founded not on mere suspicion but on extensive documentary evidence, forensic audits, and statements recorded u/s. 50 of the PMLA. Facts- The present proceedings arise out of an ECIR registered by the Enforcement Directorate (“ED”) pursuant to large-scale allegations of financial mismanagement, fraud, and money laundering within the Amtek Group of companies, including Amtek Auto Ltd., ACIL Ltd., and...