Delhi Court Grants Bail To Supertech Promoter Ram Kishor Arora In Money Laundering Case

A Delhi Court on Thursday granted bail to Ram Kishor Arora in the ₹700 crores money laundering case lodged by the Enforcement Directorate (ED).

Additional Sessions Judge Devender Kumar Jangala of Patiala House Courts allowed the third regular bail plea moved by Arora.

“The investigation is complete and after completion of investigation, prosecution complaint has already been filed. The case of the Enforcement Directorate is based upon the documentary evidence, therefore, there is no possibility of the applicant/accused influencing the witnesses, if released on bail,” the court said.

The judge said that all the evidence in the case are documentary in nature and that the prosecution complaint, after completion of investigation has already been filed.

“The applicant/accused has voluntarily joined the investigation before being arrested in the present case. Therefore, there is no possibility of tampering with evidence by the applicant/accused, if granted bail,” the court said.

It further observed that Arora has been released on interim bail on medical grounds but he never misused the liberty. Therefore, the court said that he was not flight risk.

“In view of above discussions, I am of the considered opinion that the applicant/accused has been successful to satisfy the twin conditions with the principle of broad probabilities ni his favour ni terms

of judgment of Hon'ble Supreme Court in Vijay Madanlal Chaudhary(supra),” the court said.

The ED alleged that M/s Supertech Limited and its promoter Arora hatched criminal conspiracy to cheat the prospective home buyers of their advance against booked flats ni his real estate projects.

It further alleged the company failed to adhere to its agreed obligations and to provide the possession of the flats and diverted their money for his own benefit.

Granting bail to Arora, court said that him and his company seems to be active in resolving the dispute with respect to the real estate projects and to keep their conduct upright in entertaining and resolving the disputes with the aggrieved me buyers.

Arora was admitted to bail on furnishing bail bond in the sum Rs. 1 lakh with two sureties in the like amount. 

Counsel for Applicant: Adv. Tanveer Ahmed Mir, Adv. Yash Datt, Adv. Kartik Venu, Adv. Shashwat Sarin, Adv. Ariana Ahluwalia, Adv. Vaibhav Suri, Adv. Md. Imran Ahmad

Counsel for ED: Sh.Zoheb Hossain, Ld. Special Counsel, Sh.N. K. Mata, Sh. Manish Jain, Ld. Special PPs