Delhi HC grants bail to two businessmen in money laundering case worth Rs 8,000 cr

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Delhi HC

Above: Delhi High Court/Photo by Anil Shakya

The Delhi High Court on Thursday (January 25) granted bail to two businessmen, Surendra Jain and Virendra Jain in money laundering case worth Rs 8,000 crore.

The Court granted the bail on the surety of Rs 2 lakh each.

Both businessmen have been accused of siphoning money through shell companies.

Earlier, Enforcement Directorate had seized agricultural land worth Rs 1.12 crore in Bhati village belonging to the businessmen while investigating the money laundering case against them.

—India Legal Bureau