Businessman will get bail in Agusta Westland case being probed by ED
2 min read A Delhi courtroom Monday granted bail to businessman Anoop Kumar Gupta within the Agusta Westland cash laundering case, being probed by the Enforcement Directorate (ED).
Special Judge Arvind Kumar granted bail to Gupta, observing that “the contention of Enforcement Directorate that accused may abscond does not appear to have much substance.”
According to the ED, Gupta “through his companies has committed the offence of money laundering in respect of proceeds of crime to the tune of USD 24,624,298.”
The courtroom was advised that M/s IDS Tunisia has obtained proceeds of crime to the tune of Euro 24.37 Million from M/s Agusta Westland and this was additional transferred to M/s Interstellar Technologies Limited, Mauritius. “Part of the proceeds of crime received in RAKGT was transferred to M/s KRBL Limited.” Gupta was the joint Managing Director of M/s KRBL Limited.
There are 53 accused within the case and greater than 200 witnesses. Numerous accused individuals, based mostly in international nations, are but to be served, the courtroom stated, including, “The investigation by ED is still going on and ED has yet to receive documents through Letter Rogatories. The investigation will take time to complete. The accused is in custody since 29.01.2021.”
The courtroom stated “it is not the case of ED that further recovery is to be made from the accused. Even otherwise if the accused, at any stage, is required for investigation, he can be called to join investigation.”
The courtroom additionally famous that “co-accused having similar or greater role than the present accused have already been enlarged on bail.”
“Some of the co-accused have not been arrested by ED at all, and complaint and supplementary complaints have been filed against these accused persons without arrest. The applicant Anoop Kumar Gupta is not the accused in CBI case registered for predicate offences,” the courtroom stated.
