This story is from January 16, 2018
Bizman held for 'money laundering' after note ban receives bail
NEW DELHI: The Delhi High Court on Tuesday granted bail to a businessman, who was in custody of the Enforcement Directorate since June 2017 in connection with a post-demonetisation
The high court released Mittal on bail on a personal bond of Rs one lakh with two sureties of the like amount, subject to the satisfaction of the Special Court.
Mittal, who is in the ED custody since his arrest on June 5 for the offence of money laundering, had sought regular bail.
The ED had arrested him under the Prevention of Money Laundering Act (PMLA) for his alleged role in the illegal conversion of demonetised currency notes worth Rs 51 crore in "connivance" with lawyer Rohit Tandon, a suspended
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money laundering
case.The high court released Mittal on bail on a personal bond of Rs one lakh with two sureties of the like amount, subject to the satisfaction of the Special Court.
Mittal, who is in the ED custody since his arrest on June 5 for the offence of money laundering, had sought regular bail.
The ED had arrested him under the Prevention of Money Laundering Act (PMLA) for his alleged role in the illegal conversion of demonetised currency notes worth Rs 51 crore in "connivance" with lawyer Rohit Tandon, a suspended
Kotak Mahindra
bank manager and another person who acted as the entry operator or illegal fund router.Stay informed with the latest Business News on Times of India. Explore the list of Bank Holidays, stay informed about Budget 2025, discover the new Income Tax Slabs, and use the Income Tax Calculator for hassle-free tax planning.
Unlock Investment Potential: Enroll in ET's Stock Valuation Workshop - Batch 3. Secure Your Spot Now!
Top Comment
Jim Corrigan
2560 days ago
Trading Economics Website:Unemployment Rate in India decreased to 3.46 percent in 2016 from 3.49 percent in 2015. Unemployment Rate in India averaged 4.08 percent from 1983 until 2016, reaching an all time high of 8.30 percent in 1983 and a record low of 3.46 percent in 2016.Read allPost comment
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