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SC grants bail to former Bhushan Steel promoter in money laundering case
The Daily Guardian
|September 07, 2024
The Supreme Court on Friday granted bail to Bhushan Steel promoter Neeraj Singal in a Rs 46,000 crore money laundering case; however, it has taken a strong exception on economic offences as it noted that the economy was shaken due to the alleged offence.
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A Bench of Justices Sanjiv Khanna and PV Sanjay Kumar granted bail to Singal observing that he was in jail for 16 months and the trial against him was not proceeding.
However, the top court noted that allegations against Singal is serious. ED has also opposed his bail, saying that the offence against him is serious in nature.
Dit verhaal komt uit de September 07, 2024-editie van The Daily Guardian.
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