The ED had, in January, filed a chargesheet towards Shivinder Mohan Singh (File)
New Delhi:
The Delhi Excessive Court docket on Thursday reserved its order on the bail plea filed by Religare Finvest promoter Shivinder Mohan Singh in reference to a cash laundering case.
A bench of Justice Anup Jairam Bhambhani reserved the order on the bail plea after listening to the submission from each the perimeters within the matter. The Enforcement Directorate (ED) has opposed the Singh’ bail plea.
Senior Advocate N Hariharan, showing for Singh, instructed the courtroom that the ED has already filed its prosecution criticism within the case and due to this fact no objective could be served by holding his consumer in additional custody.
He additionally submitted that the proof within the case was documentary in nature.
The counsel showing for the financial offences watchdog submitted that granting bail to Singh would hamper the probe within the matter.
The ED had, in January, filed a chargesheet towards Shivinder Mohan Singh, former Fortis Healthcare promoter Malvinder Mohan Singh and former Religare CMD Sunil Godhwani in a cash laundering case associated to alleged misappropriation of funds at Religare Finvest Restricted (RFL).
The directorate had instructed the courtroom that there’s sufficient proof to provoke proceedings towards the three accused below the costs of the Prevention of Cash Laundering Act (PMLA). All of the accused are present process judicial custody within the matter.
(Apart from the headline, this story has not been edited by NDTV employees and is printed from a syndicated feed.)
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