High Court dismissed the bail application of Karunakaran ramchand, chairman IIRL alleged for allotting bogus contracts.


Quick Summary
The Delhi High Court has dismissed the anticipatory bail application filed by Karunakaran Ramchand, chairman of IIRL. Ramchand is facing charges related to allotting bogus contracts and is also implicated in a money laundering case investigated by the Directorate of Enforcement. He has been in judicial custody since June 2019.

Court :
High Court Delhi

Brief :
The present application has been filed under Section 438 Cr.P.C. on behalf of the petitioner seeking anticipatory bail in FIR No. 253/2018 registered under Sections 409/467/468/471/120B IPC at P.S. Economic Offences Wing, Delhi.

Citation :
BAIL APPL. 2819/2020

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