Business Standard

Court rejects Wani's bail plea

IANS  |  New Delhi 

A here on Monday rejected a bail plea of alleged hawala dealer Muhammad Aslam Wani in a money laundering case.

Additional Sessions Judge Sidharth Sharma dismissed the bail plea due to the serious allegations against the accused.

The Enforcement Directorate had opposed the plea given the gravity of offences.

Wani's counsel M.S. Khan sought bail on the ground of changed circumstances after the Supreme struck down a part of Section 45 of the Prevention of Money Laundering Act (PMLA) -- dealing with conditions for bail -- as "unconstitutional".

Public Prosecutor Navin Kumar Matta and Rajeev Awasthi said that Supreme verdict did not entitle everyone to bail in PMLA cases.

The ED filed a charge sheet against Wani and Kashmiri separatist leader Shabir Shah under the PMLA in September.

Wani was arrested on August 6. He had reportedly confessed that he had passed on hawala money of Rs 2.25 crore to Shabir Shah.

Shah was arrested on July 25 on charges of money laundering in a 2005 case whenin Delhi Police Special Cell had arrested Wani.

In the 2005 case lodged by the Special Cell, the had acquitted co-accused Wani of the charges of criminal conspiracy and other offences but convicted him under the Arms Act, his defence counsel had told the

The ED submitted that a conviction under the Arms Act is a trigger point to take action under the PMLA.

Both have denied the charges against them.

--IANS

akk/tsb/vm

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, December 04 2017. 18:20 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU