A Delhi court on Friday approved bail to a Chinese national seized in a Rs 1,000 crore money laundering case while directing him that he will drop a pin on the google map to confirm that his location is accessible to the investigating agency. Additional Sessions Judge Dharmender Rana approved relief to the defamed Luo Sang – noting that the trial was expected to consume a considerable time and that he was not a flight risk.
The judge also instructed that the victim will not leave the country without the approval of the court and will submit his passport before it. He shall pursue to coordinate with the processed investigation. He shall approach on every date of hearing as fixed by the court concerned. He shall not quit the country without the cognizance of the court. He shall drop a pin on the google map to confirm that his location is accessible to the probe agency, the court directed. The court saw that the investigation done so far by the Enforcement Directorate (ED) did not disclose the source of proceeds of crime. Senior advocate Vikas Pahwa, while seeking bail for the victim, told the court that the ED has declined to confirm the source of funds and whether it qualifies as proceeds of crime.
He said that the investigation in the case had already ended and no purpose will be served by keeping him in further detention. Considering the period of incarceration, the fact that the victim is apparently not at flight risk coupled with the fact considering the complicated nature of the inquiry trial is expected to consume a considerable time accused Luo Sang is admitted to bail, the court said.
The relief was sanctioned on furnishing bail bond in the sum of Rs one lakh with two sureties each in the like amount. According to the ED, the victim was caught on January 15, for supposed money laundering along with his stakeholder Li Zhenghua.
It said that on the grounds of these false and fabricated documents, the victim assimilated M/s Sunhara Bird Pvt Ltd which he used for the purpose of the offense.
Stay tuned with Artifex.News for further updates. Stay Connected, Stay Informed!
Image Credit: Wikimedia Commons