New Delhi: The Supreme Court on Monday (October 14) granted regular bail to Hyderabad-based businessman Abhishek Boinpally in an excise policy-linked money laundering case.
A bench comprising Justice MM Sundresh and Justice Aravind Kumar made its earlier order granting Boinpally interim bail absolute.
The apex court had on August 13 extended the interim bail granted to Boinpally in an excise policy-linked money laundering case and had adjourned the hearing on his plea to October 14 after the Enforcement Directorate (ED) had informed the bench that Additional Solicitor General (ASG) SV Raju was not available.
ASG Raju, representing the ED, on Monday did not oppose Boinpally’s bail plea.
“We are inclined to grant him (Boinpally) bail,” the bench said while granting him bail.
Apex Court on March 20 granted Boinpally five-week interim bail
The Supreme Court had on March 20 granted five-week interim bail to Boinpally on the grounds of the medical condition of his wife and the top court extended his interim bail during subsequent hearings. While granting him interim bail, Boinpally was directed by the top court to surrender his passport and to not leave the National Capital Region (NCR) except for a visit to Hyderabad.
Boinpally challenged a Delhi High Court order dismissing his plea challenging arrest
Boinpoally had moved the top court challenging an order of the Delhi High Court dismissing his plea challenging his arrest in the money laundering case linked to the alleged irregularities in the formulation and implementation of the now-defunct Delhi Excise Policy. The High Court had in July last year dismissed his plea challenging his arrest in the money laundering case.
Boinpally is accused of being involved in a conspiracy to launder money along with other accused persons in the case.
CBI, ED have registered corruption, money laundering cases in connection with excise policy ‘scam’
The Central Bureau of Investigation (CBI) and ED have filed chargesheet in the corruption and money laundering cases registered by them in connection with the alleged Delhi Excise Policy “scam”. It has been alleged by the central agencies that the now-defunct Delhi Excise Policy was tweaked to extend undue favours to private liquor businessmen in exchange of kickbacks.
