HC refuses bail to director accused of money laundering

Anil Kumar Sharma Vs Enforcement Directorate, Lucknow Zone (Allahabad High Court) Conclusion: Money laundering is a serious economic offence and serious threat to the national economy and national interest and, these offences are committed with cool calculation with the motive of personal gain regardless of the consequences on the society. The bail application by the accused-applicant, who was Managing Director of Amrapali Group of Companies got rejected as  considering the order dated 23.7.2019 passed by the Supreme Court in Writ Petition (C) No.940 of 2017, in which involvement of the accus...