A special court in Mumbai has granted permission to businessman Raj Kundra, who is facing money laundering allegations, to travel abroad for business purposes. The court allowed him to visit several countries between June and July, despite strong opposition from the Enforcement Directorate (ED).
Court Rejects ED's Objections
The ED had opposed Kundra's travel plea, arguing that it could lead to him absconding or violating bail conditions. However, the judge dismissed these concerns, noting that the Look Out Circular against Kundra had already been cancelled by the Economic Offences Wing. The judge stated, "There is nothing on record to show that the applicant has misused the liberty granted to him. The right to travel abroad is an aspect of fundamental right guaranteed under the Constitution of India."
Travel Destinations and Conditions
The court permitted Kundra to travel to Hong Kong, Dubai, Tokyo, Los Angeles, Toronto, and Melbourne on specific dates between June 7 and July 27. The judge remarked, "No prejudice will be caused, if the applicant is permitted to travel abroad as prayed subject to the permissibility of international air flight in current situation." As part of the conditions, Kundra must deposit a security amount of Rs one lakh and provide a complete itinerary, including residential addresses, phone numbers, and a working email ID to the investigating officer before departure. Upon his return, he must immediately report to the investigating officer and submit a compliance report to the court. Additionally, he must attend the investigating agency if required and return to India if the trial reaches the stage of framing charges.
Background of the Case
The ED's money laundering case stems from multiple FIRs registered by the Maharashtra and Delhi Police against Variable Tech Private Limited and several individuals, including the now deceased Amit Bhardwaj. The ED alleged that the promoters collected substantial sums in Bitcoins from the public by promising a 10 percent monthly return. Instead of using these funds for Bitcoin mining as promised, the promoters reportedly cheated investors and concealed the assets in obscure online wallets.
