Delhi High Court Reserves Order On Bail Plea Of Ex-Fortis Promoter Shivinder Singh In Money Laundering Case
The ED had, in January, filed a chargesheet in opposition to Shivinder Mohan Singh (Document)
New Delhi:
The Delhi Prime Court docket on Thursday reserved its order at the bail plea filed via Religare Finvest promoter Shivinder Mohan Singh in reference to a cash laundering case.
A bench of Justice Anup Jairam Bhambhani reserved the order at the bail plea after listening to the submission from each the edges within the subject. The Enforcement Directorate (ED) has adverse the Singh’ bail plea.
Senior Suggest N Hariharan, showing for Singh, informed the courtroom that the ED has already filed its prosecution criticism within the case and subsequently no goal can be served via holding his consumer in additional custody.
He additionally submitted that the proof within the case was once documentary in nature.
The recommend showing for the industrial offences watchdog submitted that granting bail to Singh would abate the probe within the subject.
The ED had, in January, filed a chargesheet in opposition to Shivinder Mohan Singh, former Fortis Healthcare promoter Malvinder Mohan Singh and previous Religare CMD Sunil Godhwani in a cash laundering case associated with alleged misappropriation of price range at Religare Finvest Restricted (RFL).
The directorate had informed the courtroom that there’s sufficient proof to begin lawsuits in opposition to the 3 accused underneath the fees of the Prevention of Cash Laundering Act (PMLA). The entire accused are present process judicial custody within the subject.
(Except for for the headline, this tale has now not been edited via NDTV body of workers and is printed from a syndicated feed.)
