JUDGMENT

(Prayer: Writ Petition filed under Article 226 of the Constitution of India seeking issuance of a writ of mandamus directing the respondents to permit the petitioner to travel abroad to Seychelles on condition to return to India on 31st October 2022.)

The present petition has been filed by a Seychelles National, who has been encircled by various investigating authorities in respect of serious economic offences involving huge public money and prevented from travelling abroad by way of a Look Out Circular, seeking for a direction to the respondents/authorities to permit him to travel to Seychelles on condition to return to India on 31st October 2022.

2. Brief facts behind filing of the present petition are as under:-

i) Suspecting fraud and money laundering, the Chief Vigilance Commission, vide its Office Memorandum dated 27.10.2017 requested the CBI to investigate into the sanction of loan to one M/s.Win Wind Oy, Finland by the Senior Management Officials of IDBI.

ii) The cat was out of the bag. The investigation by the CBI revealed that a huge sum of Rs.322.40 Crores was sanctioned as loan to the said Company by IDBI vide Letter No.IDBI/DIFC/WIN/2010-11/101 da