Bail Order

Vivo Money Laundering Case: High Court Refuses to Stay Bail for Vivo Execs - 2024-01-05

Subject : Criminal - Money Laundering

BY Supreme Today News Desk,

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Supreme Today News Desk

The Delhi High Court on Wednesday declined to grant a stay on the bail order issued by a lower court in regard to Vivo executives involved in a money laundering case. The lower court had imposed certain conditions on the release of the three executives, including surrendering their passports and appearing at the ED office daily until the high court hearing. The high court observed that sufficient safeguards were in place to prevent the executives from absconding. The bail order was challenged by the Enforcement Directorate (ED), which had arrested the executives in connection with allegations of remitting Rs. 1 lakh crore outside India between 2014 and 2021. The investigation into the case is ongoing, and the court has posted the next hearing for January 11.

Money Laundering - Bail - Vivo Executives - Enforcement Directorate - Delhi High Court

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