A court in Delhi on Tuesday granted bail to Sheela Gehlot, wife of Ambience Mall Group Promoter Raj Singh Gehlot, in connection with the money laundering case pertaining to the alleged multi-crore Jammu and Kashmir Bank scam.
Sheela Gehlot has been accused of routing a Rs 781 crore loan of the bank through her escrow account to 21 companies and 4 individuals and using it to settle loans of Ambience Group companies and meet other expenses.After the submissions of the petitioner’s counsel, the court noted that she is not a ‘flight risk’. In her plea, Sheela Gehlot referred to the twin conditions of Section 45 of the Prevention of Money Laundering Act (PMLA), 2002, in which there is a provision that a person who is under the age of sixteen years or is a woman or is sick or infirm, may be released on bail.
Accordingly, the special judge of Patiala House Court granted her bail on certain conditions and a personal bond of Rs 2 lakh.
Conditions include not to indulge any kind of activities that are alleged against her in the present case, not threatening the witness or tampering with evidence, and appearing before the probe agency or court when she is called as per law.
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