RAJESH KATYAL GRANTED BAIL IN RS 200 CR MONEY LAUNDERING CASE

Businessman Rajesh Katyal, who was arrested by the Enforcement Directorate for allegedly laundering over Rs.200 crore in proceeds of crime, on Saturday has been granted regular bail by a Delhi court.

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Katyal had previously been granted interim bail by the Delhi High Court.

Special Judge Gaurav Gupta, in his order passed on November 14, 2024, noted that Katyal had overcome the twin hurdles under Section 45 of the Prevention of Money Laundering Act.

The judge pointed out that the existence of the predicate scheduled offence was doubtful and there were reasonable grounds to believe that Katyal was not guilty of the alleged offence.

Katyal's cooperation with the investigation was highlighted, with the court noting that he had joined the investigation on at least four occasions without misusing the liberty granted to him or attempting to flee justice.

The court observed that Katyal did not appear likely to commit any offence while on bail.

The case against him, initiated by the ED, is based on eight FIRS from the Economic Offences Wing of Delhi Police and Haryana Police.