On Wednesday, a particular court docket of the Central Bureau of Investigation (CBI) in a cash laundering case involving overseas belongings associated to Robert Vadra, NRI businessman C.C. Thampi has been granted bail. Earlier, the court docket on Tuesday despatched Thampi to judicial custody until 7 February. Special Judge Arvind Kumar granted bail to the NRI businessman on a private bond of Rs 5 lakh. Thampi was arrested by the ED this month in reference to the cash laundering investigation towards Robert Vadra.
Arrest with Robert Vadra
Under the Foreign Exchange Management Act (FEMA), Thampi owed a complete legal responsibility of Rs 288 crore, and three of his firms (Holiday City Center, Holiday Properties, and Holiday Bekal Resorts) had been on ED's radar. <! –
In 2009, the ED had registered a case towards businessman Thampi unfold throughout India and the United Arab Emirates beneath the Prevention of Money Laundering (PMLA) in reference to the alleged mistaken approval for an engineering school on the All India Council for Technical Education in Thrissur.
Raised funds with Vadra
Senior advocate Raju Ramachandran and Mohit Mathur, showing for Thampi, had on Tuesday sought bail from the court docket. While the Enforcement Directorate (ED) opposed the grant of bail and sought to increase the remand. According to the ED, Thampi together with Sanjay Bhandari and Congress General Secretary Priyanka Gandhi's husband Robert Vadra conspired to lift the cash.