Court allows Raj Kundra to travel abroad
MUMBAI, June 3 -- A special court under the Prevention of Money Laundering Act (PMLA) on Tuesday permitted businessman Raj Kundra to undertake multiple overseas trips between June 7 and July 27, rejecting the Enforcement Directorate's (ED) objection that he posed a flight risk in the Rs.6,600 crore GainBitcoin cryptocurrency money-laundering case.
Allowing Kundra's application, Special Judge R B Rote said, "There is nothing on record to show that the applicant has misused the liberty granted to him," He added that the right to travel abroad forms part of the fundamental rights guaranteed under the Constitution. The court also noted that the Look Out Circular (LOC) issued against him had already been withdrawn.
The ED opposed the plea, arguing that there was no compelling urgency for the proposed travel and that permitting Kundra to leave the country carried the risk of his absconding. The court, however, held that these concerns could be addressed through appropriate safeguards and observed that no prejudice would be caused by allowing the travel subject to conditions.
The court permitted Kundra to travel to Hong Kong, Dubai, Tokyo, Los Angeles, Toronto and Melbourne over seven-weeks, while directing him to return to India immediately if the case reaches the stage of framing of charges during his absence....
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