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HC seeks Gautam Khaitan's reply on ED plea to cancel his bail in money laundering case

Press Trust of India  |  New Delhi 

The on Wednesday sought response of chopper scam accused on ED's plea challenging the granted to him by a trial court in a black money and laundering case.

Justice issued notice to Khaitan and sought his stand on ED's plea seeking setting aside of the trial court's April 16 order granting the relief to him.

The high court listed the matter for further hearing on July 18.

ED has challenged the trial court's order on the ground that in view of his position in society and the gravity of the offence, there was an apprehension of witnesses being tampered with, won over or intimidated by his influence.

The agency, in its plea filed through D P Singh, has contended that the investigation was at a very crucial stage as the role of his alleged accomplices and aides was being examined in the money laundering case.

ED has said it was filed on the basis of a case lodged by the Income Tax department against him under the provisions of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015.

ED has alleged in its plea that Khaitan, a by profession, was still maintaining and hiding his black money in overseas jurisdiction.

The agency has also claimed that the investigation has further revealed that black money has been laundered by him through several shell companies incorporated overseas.

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

First Published: Wed, May 15 2019. 17:21 IST