The Delhi High Court on Thursday (May 10) granted bail to lawyer Rohit Tandon, who was arrested by the Enforcement Directorate (ED) for his alleged role in illegal conversion of cash at the time of demonetization. Also getting bail with Tandon was co-accused Raj Kumar Goel.
The bench of Justice Mukta Gupta granted bail to Tandon and Goel asking them to furnish personal bonds of Rs 5 lakh each with two sureties of the same amount.
“The evidence in the present case is primarily documentary in nature and statements of the accused which are admissible as evidence have already been recorded under Section 50 of PMLA. Further corroborative evidence in the form of CCTV footage and call detail records is also documentary in nature. Moreover as per the requirement of Section 44 of PMLA trials for the scheduled offence as well as Section 4 PMLA are required to be held together. Hence the trial is likely to take some time. Thus, this Court deems it fit to grant bail to the petitioners,” the bench noted in the judgement.
The ED had arrested Rohit Tandon for allegedly converting demonetised cash worth Rs 60 crore into new notes in December, 2016 while raiding Tandon’s Greater Kailash office of his law firm post-demonetization.
Following the arrest of Tandon, the ED had also attached assets of Tandon as part of its money laundering probe against the two.
Read the full judgement here.
—India Legal Bureau