Supreme Court grants bail to Arvind Dham in money laundering case

The Hindu
The Hindu
2h ago
A Bench of Justices Sanjay Kumar and Alok Aradhe set aside a Delhi High Court order that had denied bail to former Amtek Group chairperson Arvind Dham.
Supreme Court grants bail to Arvind Dham in money laundering case
A What happened
The Supreme Court granted bail to former Amtek Group chairperson Arvind Dham in a money laundering case involving a ₹27,000 crore bank fraud. A Bench of Justices Sanjay Kumar and Alok Aradhe set aside a Delhi High Court order that had denied bail to him. Justice Alok Aradhe pronounced the verdict, saying the court allowed Mr. Dham’s appeal.
★

Key insights

  • 1

    High Court cited AI risk: The Delhi High Court said economic offences such as money laundering have emerged as a serious threat to the financial system with the advancement of technology and Artificial Intelligence.

  • 2

    ED attached assets over ₹550 crore: The ED said it provisionally attached assets worth over ₹550 crore of Amtek Group firms under the anti-money-laundering law.

  • 3

    ED charged Dham in September, 2024: The ED arrested Mr. Dham in July, 2024 and charged him in September, 2024.

Takeaways

The Supreme Court set aside the Delhi High Court’s bail denial and granted bail to Arvind Dham in the money laundering case.

Topics

Investigations Law & Public Safety Crime & Justice Courts

Stay ahead with OwlBrief

Daily briefs that distill the world’s important events — clear, verified, and designed for understanding.

Create Free Account Sign In

Newsletter

Get OwlBrief in your inbox

A fast, high-signal digest of the day’s most important events — plus the context that makes them make sense.

Quick to read. Useful all day.