In Chandigarh, a special PMLA court denied temporary bail on medical grounds to a Pune-based education group's partner who was arrested in a money laundering case by the Enforcement Directorate (ED).
The ED had arrested the duo on July 23 and recovered huge amounts of cash, jewellery and property deeds from Partha Mukherjee's flats.
Supreme Court asserted that the stringent conditions for bail under the Act is legal and not arbitrary.
A special PMLA court here on February 23 sent Ram to ED custody for five days. The case is linked to alleged irregularities in the implementation of some schemes.
A bench headed by Chief Justice N V Ramana said the ratio concerning Section 8(4) laid down by the PMLA judgement needs further explanation.
Actor producer Sachiin Joshi was arrested by the ED on February 14, 2021 on charges of siphoning/diversion of bank funds totaling Rs 410 crore under the Prevention of Money Laundering Act, 2002 (PMLA)
Rajesh Joshi, the director of Chariot Productions Media Pvt Ltd, was placed under arrest under sections of the Prevention of Money Laundering Act (PMLA).
