Delhi Court Grants Bail to CA in Vivo Money Laundering Scandal

A Delhi court has granted bail to chartered accountant Rajan Malik, who was apprehended by the Enforcement Directorate in connection with a money laundering case involving Chinese mobile company Vivo. Malik's lawyer argued against the necessity of extended custody, emphasizing lack of purpose.

A Delhi court has provided relief to chartered accountant Rajan Malik by granting him bail in connection with a high-profile money laundering case.

Malik was arrested by the Enforcement Directorate in October 2023, as part of an investigation into financial activities of Chinese mobile phone giant Vivo.

The defense successfully argued against the need for further detention, with the court acknowledging the absence of benefits in continuing Malik's custody.

(With inputs from agencies.)