New Delhi, Mar 8 : A local court on Friday reserved its order on the bail application of Lawyer Gautam Khaitan, an accused in the AgustaWestland VVIP chopper scam, in connection with a fresh case of alleged possession of black money and Money Laundering, under the provisions of the Prevention of Money Laundering Act (PMLA).
The Directorate of Enforcement (ED) had filed a fresh criminal case against Khaitan on the basis of a case filed by the Income Tax Department against him under Section 51 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, to find out his nexus with the Banda family of Zambia.
Khaitan was already being prosecuted in a case related to AgustaWestland and was out on bail. The Counsel for Khaitan submitted on the bail application that he was not required for further probe.
The ED opposed the bail application by alleging that Khaitan was operating and holding a number of foreign accounts illegally and thereby, possessing black money and stashing assets.
Special Judge Arvind Kumar, after hearing the submission on behalf of the Counsel for ED and the Defence Counsel, reserved its order till March 12. (UNI)