Delhi High Court Grants Bail to Accused in Rs 200 Crore Money Laundering Case

The Delhi High Court has granted bail to Arun Muthu, accused in a Rs 200 crore money laundering case involving Sukesh Chandrashekhar, after over three years in custody. The trial is yet to commence, and the bail decision considered the delay and lack of substantial flight risk evidence.

In a significant judicial decision, the Delhi High Court has granted bail to Arun Muthu, an accused party in a noteworthy Rs 200 crore money laundering case associated with notorious figure Sukesh Chandrashekhar. Muthu's alleged involvement pertained to receiving illicit funds in Chennai through hawala networks, yet the trial is delayed with commencement still looming.

The bail, sanctioned by Justice Amit Sharma, came after meticulous review of the arguments presented by legal counsel and a thorough examination of the case's facts. Despite the Enforcement Directorate's assertions of Muthu's role in channeling crime proceeds and money routing, the court found insufficient evidence of flight risk or immediate trial commencement.

Bail conditions include a personal bond and a surety of Rs 1,00,000 each. The decision highlights concerns over prolonged incarceration without trial, echoing sentiments from a related co-accused case where similar delays were noted. The present bail order adds a critical chapter to the ongoing legal saga surrounding money laundering networks.

(With inputs from agencies.)