Ram Kishor Arora’s Statutory Bail Application Dismissed by Justice Manoj Kumar Ohri
The Delhi High Court has turned down the statutory bail application filed by Ram Kishor Arora, the Chairman of Supertech, in connection with a money laundering case initiated by the Enforcement Directorate (ED). Justice Manoj Kumar Ohri dismissed Arora’s bail petition on Tuesday, citing lack of merit.
The court stated that it found no grounds to support the petition and consequently dismissed it. It also deemed any pending applications as inconsequential.
Supertech and its associated firms face allegations of scamming more than 800 homebuyers out of Rs 228 crores. Multiple First Information Reports (FIRs) have been lodged against them in Delhi, Haryana, and Uttar Pradesh based on complaints from the homebuyers.
Ram Kishor Arora was arrested by the Enforcement Directorate in June 2023 following a complaint filed against him on August 24, 2023. The court acknowledged the complaint on September 26, 2023. Notably, at the time of filing the complaint, the investigation was incomplete, and the complaint lacked the Forensic Science Laboratory (FSL) report.
During proceedings, it was revealed that the investigation agency had issued summons to Anil Kumar Jain, a director at Supertech, indicating ongoing investigations, including against Arora.
Justice Ohri observed that the mere issuance of summons to other directors does not necessarily signify incomplete investigations against Arora. The court noted that while the FSL report’s preparation isn’t within the investigating agency’s control, steps could be taken to expedite the process.
Furthermore, the court noted the respondent’s assertion that the investigation against Arora is concluded. It concluded that the mere issuance of summons or the request for additional evidence, without substantial grounds, does not entitle Arora to statutory bail.
Consequently, the statutory bail plea was dismissed by the court.
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