Court denies bail to former Reliance ADAG executive Amitabh Jhunjhunwala in money laundering case
New Delhi, Sept. 5 -- The Rouse Avenue Court on Saturday rejected the bail application of former Reliance Anil Dhirubhai Ambani Group (ADAG) senior executive Amitabh Jhunjhunwala in a money laundering case linked to Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL).
Special Judge Vishal Pahuja dismissed Jhunjhunwala's regular bail plea after hearing submissions from the senior counsel appearing for the accused and the Enforcement Directorate (ED).
The court observed that Jhunjhunwala was alleged to be the "principal architect" of the crime and had full control over staff members cited as witnesses in the case.
"In the instant case, the accused is alleged to be the principal architect of the crime commi...
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