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SC rejects bail plea of lawyer in money laundering case

Press Trust of India  |  New Delhi 

The Supreme today rejected the bail plea of lawyer Rohit Tandon, who was arrested in connection with an alleged money laundering case post

A bench comprising Chief Justice and Justices A M Khanwilkar and dismissed the bail plea of Tandon, who was arrested after a raid on his firm in connection with a probe that had led to the alleged seizure of Rs 13.6 crore.

He was allegedly involved in illegal conversion of nearly Rs 60 crore demonetised currency.

Earlier during the hearing, senior advocate seeking bail for Tandon, had said that the concept of bail is rule and jail is exception has been turned upside down in this case.

Rohatgi had argued that no case under the Prevention of Money Laundering Act (PMLA) was made out against Tandon.

He said Tandon was allegedly found with unaccounted but that is not an offence under 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 and causing harm to the government of India which had cracked down on

Tandon has sought regular bail on the ground that he needs to look after his ailing mother.

The apex had on September 4 refused to extend the three-week interim bail granted by the Delhi High 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He was granted interim bail on August 10 by the High Court from where he had withdrawn his plea for regular bail.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 application before the High Court which on May 5 had rejected his bail plea.

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 firm in connection with a probe that had led to the alleged seizure of Rs 13.6 crore.

Besides him, some other accused were also arrested in connection with a separate Prevention of Money Laundering Act case.

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

First Published: Fri, November 10 2017. 11:13 IST