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🇮🇳 India /Crime & Justice

Delhi court denies bail to Amitabh Jhunjhunwala in ₹11,000 crore money-laundering case

From Hindustan Times · () English

Translated from English and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources In the courts
  • A Delhi court denied bail to former Reliance executive Amitabh Jhunjhunwala in a money-laundering probe involving companies linked to Reliance Anil Ambani.
  • The court rejected his medical-ground plea, saying he had not shown that his conditions could not be managed through available custodial medical facilities.
  • The Enforcement Directorate alleges that Jhunjhunwala and others diverted funds from Reliance Home Finance and Reliance Commercial Finance through corporate loans to shell companies.

A Delhi court has denied bail to Amitabh Jhunjhunwala in an ₹11,000 crore money-laundering case, describing the former Reliance executive as the alleged “principal architect” of the crime. The court also said he could influence witnesses if released.

Special Judge Vishal Pahuja of the Rouse Avenue Court rejected a bail plea based solely on medical grounds. Jhunjhunwala’s lawyers argued that he was “sick” or “infirm” and therefore qualified for an exception to the twin conditions under Section 45 of the Prevention of Money Laundering Act.

principal architect

· Delhi courtThe court used the phrase when describing Jhunjhunwala's alleged role in the money-laundering case.

His counsel, senior advocate Raghav Gupta, cited heart and orthopedic problems, a degenerative musculoskeletal condition, hypertension and lower-back pain caused by a compression fracture. The defence said his health was deteriorating in jail, with rapid weight loss and other related problems requiring specialised treatment.

sick

· Amitabh Jhunjhunwala's counselHis lawyer argued that Jhunjhunwala qualified as sick or infirm for a statutory bail exception.

The Enforcement Directorate opposed the plea through senior advocate Zoheb Hossain. The agency said the required treatment was available at the jail hospital and noted that officials had taken Jhunjhunwala to LNJP and AIIMS for medical consultations. The court found that he had not established that his condition could not be managed within the custodial medical system.

Jhunjhunwala, a former vice-chairman of Reliance Capital and senior executive in Anil Ambani’s Reliance ADAG group, was arrested on April 15 with former Reliance Capital chief financial officer Amit Bapna. The agency alleges that the pair and others diverted funds from Reliance Home Finance and Reliance Commercial Finance under the guise of corporate loans. It says about 90% of the loans went to shell companies controlled by entities linked to the Reliance Anil Ambani group, in disregard of lending rules.

infirm

· Amitabh Jhunjhunwala's counselThe defence cited Jhunjhunwala's medical condition in seeking bail under the Prevention of Money Laundering Act.
About this summary

Originally published by Hindustan Times in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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