Businessman Robert Vadra was granted bail by Delhi’s Rouse Avenue Court on Saturday in the money laundering case linked to the Shikohpur land deal.
Vadra had appeared before the court earlier in the day
in connection with the Prevention of Money Laundering Act (PMLA) case being investigated by the Enforcement Directorate (ED).
The court granted him bail on a personal bond of Rs 50,000 along with one surety of the like amount.
The development comes a day after the Rouse Avenue Court took cognisance of the ED’s chargesheet filed against Vadra and others in the alleged Shikohpur land deal-linked money laundering case.
The case relates to a 3.53-acre land parcel in Shikohpur, Gurugram, which the Enforcement Directorate (ED) alleged was fraudulently acquired by Sky Light Hospitality, a firm linked to Robert Vadra, from Onkareshwar Properties on February 12, 2008. Vadra has been named as one of the accused in the case.
According to the ED, false declarations were allegedly made during the land acquisition process, while a commercial licence was purportedly secured using Vadra’s personal influence. Appearing before the trial court, the agency’s counsel argued that the Rs 7.5 crore payment shown for the land transaction was made through a cheque that was never encashed.
The ED further alleged that the land was subsequently sold to DLF at a higher price.
In July last year, the agency issued a provisional attachment order under the Prevention of Money Laundering Act (PMLA), attaching 43 immovable properties valued at nearly Rs 37.64 crore in connection with the case.
