Delhi Court Denies Bail to I-PAC Co-Founder Vinesh Chandel in Money Laundering Case
ED rejects interim bail plea by I-PAC co-founder Vinesh Chandel
Hindustan Times
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A Delhi court has denied interim bail to Vinesh Chandel, co-founder of the Indian Political Action Committee (I-PAC), amid a money laundering investigation by the Enforcement Directorate. The court cited insufficient evidence of a medical emergency concerning Chandel's mother, despite her reported health issues.
- 01Vinesh Chandel's interim bail plea was rejected by a Delhi court.
- 02The court emphasized that the request did not meet the criteria for 'exceptional humanitarian grounds'.
- 03Chandel's mother suffers from dementia, but the court found no evidence of an immediate medical emergency.
- 04The Enforcement Directorate alleges I-PAC was involved in laundering around ₹50 crore (approximately $6 million USD).
- 05The investigation is linked to a broader probe into illegal mining activities in West Bengal.
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On Tuesday, a Delhi court denied interim bail to Vinesh Chandel, the director and co-founder of the Indian Political Action Committee (I-PAC), in a money laundering case investigated by the Enforcement Directorate (ED). Chandel had requested bail on humanitarian grounds, citing the deteriorating health of his 74-year-old mother, who is reportedly suffering from dementia. However, Additional Sessions Judge Shefali Barnala Tandon ruled that the plea did not meet the necessary criteria for exceptional humanitarian grounds. The court acknowledged the medical vulnerability of elderly parents but noted that there was no evidence of a life-threatening emergency that required Chandel's immediate presence. The ED claims that I-PAC is involved in laundering proceeds of crime amounting to approximately ₹50 crore (around $6 million USD), with allegations that the firm used a structured system of financial transactions to manage unaccounted funds received from political parties for election-related expenses. This investigation stems from a Central Bureau of Investigation (CBI) probe into illegal mining activities in West Bengal, implicating businessman Anup Majee as a key figure in the alleged syndicate.
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The ruling could affect Chandel's ability to support his mother during her health crisis and may have implications for I-PAC's operations amid ongoing investigations.
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