New Delhi, A court here has granted bail to three people accused in a money laundering case against Chinese smartphone manufacturer Vivo.
Additional Sessions Judge Kiran Gupta granted the relief to Bhupinder Kaur Gagandeep Singh and Weigang Wang in an order passed on May 1.
The judge accepted the arguments of senior lawyer P K Dubey, appearing for Wang, who is based in Andhra Pradesh, that the accused persons were not arrested during the investigation.
The accused persons had appeared in the court in compliance with the summons issued by the judge while taking cognizance of the charge sheet by the Enforcement Directorate (ED) in the case.
Dubey told the court that the investigation has already been completed and no purpose would be served by sending the accused to judicial custody.
The judge further said that there is no allegation that the accused did not participate or cooperate during the investigation.
"Considering the overall facts and circumstances of the case, the submissions made and the fact that the accused persons were not arrested during the investigation and there is no allegation that they did not cooperate during the investigation, All three bail pleas are allowed to me,” the judge said.
The ED had opposed the bail pleas claiming that the accused were in danger and the allegations against them were of serious nature.
It also claimed to have busted a major money laundering racket involving Chinese nationals and several Indian companies.
The ED had alleged that a huge amount of Rs 62,476 crore was "illegally" transferred by Vivo to China to avoid payment of taxes in India.
Additional Sessions Judge Kiran Gupta granted the relief to Bhupinder Kaur Gagandeep Singh and Weigang Wang in an order passed on May 1.
The judge accepted the arguments of senior lawyer P K Dubey, appearing for Wang, who is based in Andhra Pradesh, that the accused persons were not arrested during the investigation.
The accused persons had appeared in the court in compliance with the summons issued by the judge while taking cognizance of the charge sheet by the Enforcement Directorate (ED) in the case.
Dubey told the court that the investigation has already been completed and no purpose would be served by sending the accused to judicial custody.
The judge further said that there is no allegation that the accused did not participate or cooperate during the investigation.
"Considering the overall facts and circumstances of the case, the submissions made and the fact that the accused persons were not arrested during the investigation and there is no allegation that they did not cooperate during the investigation, All three bail pleas are allowed to me,” the judge said.
The ED had opposed the bail pleas claiming that the accused were in danger and the allegations against them were of serious nature.
It also claimed to have busted a major money laundering racket involving Chinese nationals and several Indian companies.
The ED had alleged that a huge amount of Rs 62,476 crore was "illegally" transferred by Vivo to China to avoid payment of taxes in India.
