Quick Summary
In a significant development, a Delhi court has recently granted bail to a Chartered Accountant who is among the four principal accused individuals in a high-profile money laundering case amounting to Rs 20,000 crore, with alleged links to the Chinese phone maker Vivo. The courts decision to grant bail was based on the evaluation of the prima facie evidence presented before it. According to the court, there were no allegations against the Chartered Accountant that suggested he engaged in acti
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
2 Years PLAN
3499
(Excl. of GST ₹629)
BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 07941056694
FAQ :
Yes, a Delhi court has granted bail to the Chartered Accountant involved in the Rs 20,000 crore PMLA case linked to Vivo.
The money laundering case involves an alleged amount of Rs 20,000 crore.
The court granted bail based on the prima facie evidence, noting no allegations suggested the Chartered Accountant acted beyond their professional scope.
No, the court reiterated that bail is a procedural provision and not a determination of guilt or innocence; the presumption of innocence prevails until proven guilty.
The case has alleged links to the Chinese phone maker Vivo.
CAclubindia
