On Monday, the Supreme Court approved regular bail for Abhishek Boinpally, a businessman based in Hyderabad, in connection with a money laundering case linked to the controversial Delhi excise policy.
This decision came after the court noted that other defendants involved in the case had already secured bail.
A bench led by Justice MM Sundresh made permanent the interim relief initially provided to Boinpally in March of this year.
Case Overview
Boinpally had originally received temporary bail for five weeks due to concerns regarding his wife’s health, a request that the court subsequently extended several times.
As part of the bail conditions, the Supreme Court mandated that Boinpally surrender his passport and restricted his travel to the National Capital Region (NCR) and his home city of Hyderabad.
Additionally, officials from the Enforcement Directorate (ED) instructed him to provide his mobile number to facilitate ongoing communication.
In July, after Justice Sanjay Kumar recused himself from presiding over the case, the court reassigned the matter to a different bench led by Justice Sanjiv Khanna.
Boinpally has been in custody since October 2022 and appealed to the Supreme Court after the Delhi High Court dismissed his bail application in July 2023.
His request was previously denied by Special Judge MK Nagpal at the Rouse Avenue Courts, who cited the seriousness of the charges against him and the substantial incriminating evidence under the Prevention of Money Laundering Act (PMLA).
The ED’s supplementary charge sheet in the excise policy investigation revealed that Boinpally is allegedly linked to approximately Rs 6.45 crore in Proceeds of Crime (PoC).
Other notable figures associated with the case, including former Delhi Chief Minister Arvind Kejriwal, former Deputy Chief Minister Manish Sisodia, and BRS leader K Kavitha, have also obtained bail in relation to the excise policy scandal.
The Supreme Court’s ruling marks a significant development in this high-profile case, as the investigation into the alleged financial misconduct continues to unfold.
The implications of this case extend beyond Boinpally, touching on broader issues of governance and accountability within the Delhi administration.
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