AHMEDABAD: Gujarat high courtroom on Thursday granted bail to suspended IAS officer Pradeep Sharma in a money laundering case registered towards him by way of the Enforcement Department.
While ordering to unlock Sharma on bail on certain stipulations, Justice A J Desai additionally rejected the Centre’s request to stay the order for a brief period of time so that the company may just approach the Supreme Court, mentioned Sharma’s advocate H B Champavat.
Sharma got bail after the apex courtroom learn down phase 45 of the Prevention of Money Laundering Act which restrained courtroom from granting bail taking into consideration proof of burden to convince the courtroom of his innocence lies at the accused’s shoulder.
On January 4, a distinct PMLA courtroom denied bail to Sharma and he approached the HC.
Enforcement Directorate had slapped charges of money laundering towards Sharma in 2012 on foundation of an FIR filed by way of Anti-corruption Bureau (ACB) accusing him of corruption. He was arrested in July 2016 on charges of money laundering. As a district collector of Kutch in 2004, Sharma was accused of dishing out land to Welspun Group at 25% of market price and thereby causing lack of Rs 1.2 crore to the federal government exchequer.
ED probe published that Sharma’s spouse invested simply Rs 1 lakh to develop into 30% spouse in an organization, Value Packaging, and then in return she persevered to obtain crores of rupees in her and her youngsters’s accounts in USA through hawala entries by means of Dubai.
Meanwhile, Sharma has additionally filed an utility before the high courtroom for a discharge from this example. On January 23, the HC stayed the special PMLA courtroom from proceeding further towards him. Justice S G Shah had observed that taking a look on the subject matter on file, there's prima facie case in favour of Sharma. This was in contrast to the special courtroom’s statement made previous that there was a prima facie case towards Sharma.
While ordering to unlock Sharma on bail on certain stipulations, Justice A J Desai additionally rejected the Centre’s request to stay the order for a brief period of time so that the company may just approach the Supreme Court, mentioned Sharma’s advocate H B Champavat.
Sharma got bail after the apex courtroom learn down phase 45 of the Prevention of Money Laundering Act which restrained courtroom from granting bail taking into consideration proof of burden to convince the courtroom of his innocence lies at the accused’s shoulder.
On January 4, a distinct PMLA courtroom denied bail to Sharma and he approached the HC.
Enforcement Directorate had slapped charges of money laundering towards Sharma in 2012 on foundation of an FIR filed by way of Anti-corruption Bureau (ACB) accusing him of corruption. He was arrested in July 2016 on charges of money laundering. As a district collector of Kutch in 2004, Sharma was accused of dishing out land to Welspun Group at 25% of market price and thereby causing lack of Rs 1.2 crore to the federal government exchequer.
ED probe published that Sharma’s spouse invested simply Rs 1 lakh to develop into 30% spouse in an organization, Value Packaging, and then in return she persevered to obtain crores of rupees in her and her youngsters’s accounts in USA through hawala entries by means of Dubai.
Meanwhile, Sharma has additionally filed an utility before the high courtroom for a discharge from this example. On January 23, the HC stayed the special PMLA courtroom from proceeding further towards him. Justice S G Shah had observed that taking a look on the subject matter on file, there's prima facie case in favour of Sharma. This was in contrast to the special courtroom’s statement made previous that there was a prima facie case towards Sharma.
Suspended IAS Pradeep Sharma gets bail in money laundering case
![Suspended IAS Pradeep Sharma gets bail in money laundering case]()
Reviewed by Kailash
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March 08, 2018
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