09 October,2024 09:06 PM IST | New Delhi | PTI
Representational Pic/File
A Delhi court on Wednesday granted bail to a chartered accountant arrested by the Enforcement Directorate (ED) in a money laundering case linked to Chinese mobile phone company Vivo.
Additional sessions judge Kiran Gupta granted bail to Rajan Malik, who was arrested in October 2023.
The judge accepted the submission of Malik's lawyer Hemant Shah, who argued that no purpose will be served by prolonging the custody of his client.
The ED had claimed to have busted a major money laundering racket involving Chinese nationals and multiple Indian companies.
ALSO READ
Haryana assembly election verdict: Maharashtra to yield same results, Andhra CM
Himachal Pradesh: 30 injured after bus overturns in Kandaghat in Solan
Sukhoi to take off from Navi Mumbai airport: Maharashtra CM Eknath Shinde
Will roll out election strategy if demands not met: Jarange
Bus carrying women to Ladki Bahin event falls 40 feet; two injured
The ED had alleged that Rs 62,476 crore was "illegally" siphoned off by Vivo to China to evade taxes in India.
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever
