New Delhi, June 25 (IANS) The Supreme Court on Tuesday refused to entertain a bail plea filed by a land developer, an accused in a money laundering case linked to the forgery of Army and government land in Ranchi.
“The proceeds of crime are created directly or indirectly from a transaction relating to the predicate offence. Don’t think this is a case for grant of bail,” a vacation bench presided over by Justice Abhay S. Oka told the counsel representing accused Talha Khan.
“We don’t find that at this stage a case is made out for grant of bail. Hence, the special leave petition is dismissed,” ordered the Bench also comprising Justice Rajesh Bindal, observing that it is always open for the petitioner to file bail petition afresh if the trial is delayed.
Earlier, the Jharkhand High Court had dismissed the bail plea filed by accused Khan after noting that copies of the sale agreement and sale deeds were recovered from his premises and he transferred Rs 44 lakh into the bank account of his company F2R Construction Pvt. Ltd.
A bench of Justice Sujit Narayan Prasad of the high court said that prima-facie it appeared that the petitioner was also the beneficiary of proceeds of crime and as such the part of the racket involved in fraudulent activities.
The Enforcement Directorate (ED) has arrested several persons for the alleged purchase and sale of Army land.
Several deeds, fake documents, government registers of zonal offices, etc., were recovered during the simultaneous raids conducted by the ED at 21 locations belonging to 18 people in Jharkhand, Bihar and Bengal.
–IANS
pds/arm
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
