PMLA court rejects bail plea of 2 former directors of IL&FS | Mumbai news - Hindustan Times
close_game
close_game

PMLA court rejects bail plea of 2 former directors of IL&FS

Hindustan Times, Mumbai | By
Aug 21, 2019 03:40 AM IST

The enforcement directorate (ED) arrested Karunakaran, former managing director of IL&FS Transportation Networks (ITNL), and Saha, former joint managing director of IL&FS, arrested on June 19 for their alleged role in money laundering.

A special court under the Prevention of Money Laundering Act (PMLA) on Tuesday rejected the bail plea of arrested former directors of Infrastructure Leasing & Financial Services (IL&FS) – Ramchand Karunakaran and Arun Saha. The two had approached the special PMLA court, claiming the agency missed the deadline to file a prosecution complaint against them.

Based on defence lawyers’ arguments, the registry department of the sessions court put the complaint ‘under objection’ on Friday.(HT image)
Based on defence lawyers’ arguments, the registry department of the sessions court put the complaint ‘under objection’ on Friday.(HT image)

The enforcement directorate (ED) arrested Karunakaran, former managing director of IL&FS Transportation Networks (ITNL), and Saha, former joint managing director of IL&FS, arrested on June 19 for their alleged role in money laundering.

Hindustan Times - your fastest source for breaking news! Read now.

According to the rule, the agency has to file a prosecution complaint within 60 days of the arrest. The agency however, submitted a complaint on Friday, two days before the deadline was to end. However, the complaint was not filed with documents and statements of witnesses, which the agency was relying on.

Based on defence lawyers’ arguments, the registry department of the sessions court put the complaint ‘under objection’ on Friday.

A complaint is put under objection when the registry finds it has been filed without the relevant documents or statements of witnesses. Sunil Gonsalves, lawyer for ED, said the complaint was stuck in administration. It was further submitted that even if the documents were not annexed or the complaint was under objection, it doesn’t allow the accused to get bail, which the court accepted.

SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, March 29, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On