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Andhra Pradesh High Court Granted Regular Bail In Rs. 1,500 Crores Case of ED

Andhra Pradesh High Court Granted Regular Bail In Rs. 1,500 Crores Case of ED

Andhra Pradesh High court Judge namely Honourable Ms. Justice Lalitha Kanneganti granted Bail to Deepak Aggarwal in case no CRLP/2940/2021 on 29.06.2021 in connection with Rs. 1,500 Crores trade based money laundering scam. 

The bail was argued on 29.06.2021 by Shri. Sidharth Joshi, learned advocate appearing wherein Mr. Joshi had argued that PMLA Act itself is a defective Act framed by the legislation and Section 45 restricting Bail is ultra vires and unconstitutional. Mr. Joshi further pointed out that non grant of Bail would be pre-trial punishment which is impermissible in law. 

Mr. Joshi also raised various faults of the investigation agency as the investigating agency has only submitted the incomplete charge-sheet. 

Thus in all these counts his clients deserve Regular Bail. The Hon’ble Court had agreed on his submissions and granted Bail to Deepak Aggarwal while allowing the Petition he is the first one to get Bail in this huge scam as two other accused persons namely, Bhimender Kumar Goel and Ayush Goel are still in custody. And their bail applications are still pending in sessions court.

Stay tuned for more updates.

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