Bail rejected as applicant failed to prove him clean-handed in economic offences covering crores of proceeds

Tarun Kumar Vs Assistant Director Directorate Of Enforcement (Supreme Court of India) Supreme Court of India rejected the bail application as applicant failed to prove him not guilty of the alleged economic offences wherein crores of proceeds of crime were transferred to the shell companies without any genuine business transaction. Facts- M/s. Shakti Bhog Foods Ltd. (SBFL) was engaged in manufacturing and selling food items under the brand name of “Shakti Bhog”. The company was managed through its Directors/Guarantors – Sh. Kewal Krishan Kumar, Sh. Siddharth Kumar and Smt. Sunanda Kumar....