ARVIND DHAM versus DIRECTORATE OF ENFORCEMENT

Case summary from SCR

Issue for Consideration Issue arose whether the appellant-promoter and non-executive Chairman of a group entity, entitled to bail in a money laundering case when there has been long period of incarceration and the trial has not even commenced. Headnotes† Prevention of Money Laundering Act Alleged bank fraud running into several hundred crores – Entitlement to bail – FIRs registered at the instance of public sector banks alleging fraud to the extent of INR 385.35 crores and INR 289 crores respectively by the appellant-former promoter and non-executive Chairman of