New Delhi, Feb 13 : A Delhi court on Wednesday reserved its order on the bail application of Christian Michel, British businessman and alleged middleman in the AgustaWestland case.
In this matter, CBI alleged that Michel had entered into about 12 contracts with AgustaWestland to legitimise the illicit commission/ kickbacks of Euro 42.27 million received on procurement of VVIP helicopters by Government of India.
After CBI, Directorate of Enforcement (ED) also initiated proceedings against Michel under the provisions of the Prevention of Money Laundering Act, 2002.
Michel was first time produced before CBI court on December 5 after extradited to India from Dubai and now he is in judicial custody till February 26.
Counsel for Michel has filed a bail application for him and submitted there is “no basis” to keep Michel in judicial custody anymore as under the provisions of Section 167(2) Code of Criminal Procedure neither CBI nor ED has filed a chargesheet within the stipulated 60-day period, so bail should be granted to him.
Counsel further submitted Michel is “ready and willing” to furnish bail bond as required under Code of Criminal Procedure.
The ED, after hearing the arguments on behalf of Christian Michel in bail application, vehemently opposed the same before the court.
Government counsel submitted the accused is a British citizen and having no roots in India so he may abscond from India if granted bail and evade the process of law.
Special Judge Arvind Kumar after hearing arguments on behalf of Michel and government counsel reserved its order in the bail application for February 16. UNI