Supreme Court rejects bail plea of lawyer in money laundering case

Rohit Tandon was allegedly involved in illegal conversion of nearly RS60 crore demonetised currency. The Supreme Court on weekday rejected the bail plea of lawyer Rohit Tandon, who was arrested in connection with alleged money laundering case post-demonetisation.

A bench comprising chief justice Dipak Misra and Justices A M Khanwilkar and D Y Chandrachud fired the bail plea of Tandon, who was arrested after a raid on his law firm in connection with a black money probe that had led to the alleged seizure of  RS13.6 crore. He was allegedly involved in unlawful conversion of nearly RS60 crore demonetised currency.

Earlier during the hearing, senior advocate Mukul Rohatgi seeking bail for Tandon, had aforesaid that the idea of bail is rule and jail is exception has been turned upside down in this case. Advocate Rohatgi had argued that no case under the prevention of money laundering Act (PMLA) was made out against Tandon.

He aforesaid Tandon was allegedly found with unaccounted money but that is not an offence under PMLA as the Act deals with proceeds of crime. Additional solicitor general (ASG) Tushar Mehta had vehemently opposed the bail plea and submitted that Tandon was converting the illegal money and causing harm to the govt of India that had cracked down on black money.

Tandon has sought regular bail on the ground that he needs to take care of his sick mother. The apex court had on September 4 refused to extend the three-week interim bail granted by the Delhi high court to the lawyer.

He was granted interim bail on August 10 by the high court from where he had withdrawn his plea for regular bail. Tandon had earlier moved a fresh bail plea before the high court that on May 5 had rejected his bail application. A trial court had earlier denied bail to Tandon on the ground that he was alleged to have been involved in a “white collar crime” with other accused in a “well-planned” manner.

The enforcement directorate had arrested him after a raid on his law firm in connection with a black money probe that had led to the alleged seizure of RS13.6 crore. Besides him, some other accused were also arrested in connection with a separate prevention of money laundering Act case.

Content credit:   djmaza

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