Supreme Court Seeks Delhi Police's Response On Timeline To Probe Into Religare Finvest Case

Issuing limited notice in the special leave petition filed by Singh challenging Delhi High Court's order of cancelling his bail granted to him by trial Court, the bench of Chief Justice NV Ramana, Justice Surya Kant and Justice AS Bopanna in their order said,

"Issue limited notice to the Government of National Capital Territory of Delhi to apprise this Court as to how much time it would take to complete the further investigation in the matter, returnable after two weeks."

Senior Advocate Siddharth Luthra appeared for Singh and Senior Advocate R Basant for Religare Finvest Limited.

What Was The Delhi High Court Order

Observing that the order dated March 3, 2021, passed by the Trial Court suffered from serious infirmities, resulting in miscarriage of justice, the Delhi High Court single bench of Justice Suresh Kumar Kait on June 14, 2021, had set aside the Trial Court's order granting bail.

The High Court had said that Shivinder Mohan Singh's continued detention in the FIR case was not only necessary to unearth the conspiracy hatched by him but also to "derive out/trace the siphoned money" which Singh had credited for his personal benefit.

"In the present case, the nature and gravity of the accusation against respondent No.2 is serious. The grant of bail in a case involving cheating, criminal breach of interest by an agent of such a large magnitude of money, affecting a very large number of people would also have an adverse impact not only on the progress of the case but also on the trust of the criminal justice system that people repose. Thus, the parameters set out by the Hon'ble Supreme Court for cancellation of bail in Kanwar Singh Meena (Supra), have been met out," the High Court had also observed.

Background

Shivinder Mohan Singh is accused of money laundering as per the offences laid down in sections 3 and 4 of the Prevention of Money Laundering Act. He, along with his brother Malvinder Singh, and Sunil Godhwani, are accused of committing financial fraud running into 3000 crores, which is dated to the period of their ownership of Religare Finvest.

Case Title: Dr. Shivinder Mohan Singh State Of Nct Of Delhi & Anr.

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