Latest news with #SushantChangotra
Canada News.Net
25-07-2025
- Business
- Canada News.Net
Delhi court dismisses money laundering case against Ratul Puri, Moser Baer and 11 others
New Delhi [India], July 25 (ANI): The Rouse Avenue Court has dismissed a money laundering case against businessman Ratul Puri, Moser Baer India Limited, and 11 other accused persons, following their discharge in the main case registered by the Central Bureau of Investigation (CBI). Special Judge (CBI) Sushant Changotra on Thursday dismissed the Enforcement Directorate's complaint against Moser Baer India Limited, Ratul Puri, Rajiv Agarwal, Rajiv Saksena, Shivani Saksena, Ajit Singh Bubber, M/S Tanay Holding Ltd., M/S Matrix Group Limited, M/S Pacific International FZC, M/S Tiramisu Holdings INC, M/S Midas Metals International LLC, M/S Indian Hydro Electric Power Pvt Ltd. And M/S Hindustan Power Projects Pvt Ltd. Special Judge stated, 'Thus, in view of the aforementioned facts and settled proportion of law, I am of the considered opinion that the offence under section 3 read with section 70 and punishable under section 4 of PMLA does not survive.' ' Accordingly, the present complaint is dismissed. The proceedings of this complaint case stand closed,' Special Judge Changotra ordered on July 24. However, the court added that the Enforcement Directorate (ED) would be at liberty to reopen proceedings if the discharge order dated May 24, 2025, is set aside by a higher court. The present complaint case arose out of a predicate offence registered by the CBI vs. M/s Moser Baer India Ltd. & Ors under section 120-B, 420, 468 & 471 IPC and section 13 (2) r/w 13 (1) (d) of Prevention of Corruption Act, 1988. Advocate Vijay Agarwal, appearing for Ratul Puri, argued that under Section 3 of the PMLA, the existence of 'proceeds of crime' is a sine qua non (an essential condition) for prosecuting a money laundering offence. Since the Special CBI Court had already discharged all accused on May 24, 2025, the money laundering charges could not stand. The court also considered the ED's arguments that the discharge order was not final until appeal, and references to the Supreme Court's pending review in ED vs. Gagandeep Singh, but held that such contentions had been exhaustively dealt with by the Delhi High Court. (ANI)
The Hindu
25-07-2025
- Business
- The Hindu
Delhi court dismisses money laundering case against Ratul Puri, Moser Baer and 11 others
The Rouse Avenue Court has dismissed a money laundering case against businessman Ratul Puri, Moser Baer India Limited, and 11 other accused persons, following their discharge in the main case registered by the Central Bureau of Investigation (CBI). Special Judge (CBI) Sushant Changotra on Thursday (July 24) dismissed the Enforcement Directorate's complaint against Moser Baer India Limited, Ratul Puri, Rajiv Agarwal, Rajiv Saksena, Shivani Saksena, Ajit Singh Bubber, M/S Tanay Holding Ltd., M/S Matrix Group Limited, M/S Pacific International FZC, M/S Tiramisu Holdings INC, M/S Midas Metals International LLC, M/S Indian Hydro Electric Power Pvt Ltd. And M/S Hindustan Power Projects Pvt Ltd. Special Judge stated, "Thus, in view of the aforementioned facts and settled proportion of law, I am of the considered opinion that the offence under section 3 read with section 70 and punishable under section 4 of PMLA does not survive." 'Accordingly, the present complaint is dismissed. The proceedings of this complaint case stand closed,' Special Judge Changotra ordered on July 24. However, the court added that ED would be at liberty to reopen proceedings if the discharge order dated May 24, 2025, is set aside by a higher court. The present complaint case arose out of a predicate offence registered by the CBI vs. M/s Moser Baer India Ltd. & Ors under section 120-B, 420, 468 & 471 IPC and section 13 (2) r/w 13 (1) (d) of the Prevention of Corruption Act, 1988. Advocate Vijay Agarwal, appearing for Ratul Puri, argued that under Section 3 of the PMLA, the existence of 'proceeds of crime' is a sine qua non (an essential condition) for prosecuting a money laundering offence. Since the Special CBI Court had already discharged all the accused on May 24, 2025, the money laundering charges could not stand. The court also considered the ED's arguments that the discharge order was not final until appeal, and references to the Supreme Court's pending review in ED vs. Gagandeep Singh, but held that such contentions had been exhaustively dealt with by the Delhi High Court.
Time of India
24-07-2025
- Business
- Time of India
Delhi court grants pre-arrest bail to Pharmacy Council of India chief in corruption case
A Delhi court has granted anticipatory bail to Pharmacy Council of India (PCI) president Montu M Patel in an alleged multi-crore-rupee scam, prima facie finding the allegations against him not backed by "any cogent material". In an order on July 23, special judge Sushant Changotra said, "The courts are under a bounden duty to strike a fair balance vis-a-vis the protection of personal liberty of an individual and the right of the investigating agency for fair investigation." 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The action against Patel was taken based on the findings of a preliminary enquiry, indicating instances of alleged corruption, control and potential manipulation in granting approvals to colleges, besides initial allegations against him of pre-election inducements and post-election nepotism. Live Events Judge Changotra, however, said the accused had already joined the investigation and he was not at flight risk besides no recovery was to be effected from him and no facts necessitated his custodial interrogation. The alleged offences, the court said, were punishable with a maximum punishment of seven years. Despite the court's queries, it was observed the investigating officer (IO) failed to specify how he had quoted the bribe amount of Rs 5,000 crore and instead said it was arrived at via "secret information" and "media reports". The judge said the ownership of the properties worth Rs 118 crore, allegedly purchased by Patel, was not specified, nor were the dates of purchase mentioned. "Further, perusal of the case diary of the IO vis-a-vis the interrogation of the accused shows that he was not confronted with the aforementioned facts. The said facts on the face of it make the allegations qua the above stated quantum highly doubtful," the order read. The court wondered if the allegations were true, how was the agency unable to find any material to support the case despite investigating it for over two years. He said there was "absolutely no material" to show that Patel took any bribe amount or favour from any person regarding the discharge of his duties. "The court is constrained to note that the IO/prosecution have not been able to show any cogent material in support of the allegations against the accused," the court said. The reprieve was allowed on furnishing a bail and surety bond of Rs 1 lakh each besides saddling Patel with condition that included not tampering with the evidence and joining the investigation whenever required. The Pharmacy Council of India is statutory body under the central Ministry of Health and Family Welfare . PTI
