Delhi High Court

Vivo PMLA Case: Delhi HC Issues Notice to ED on Lava MD’s Plea

The Delhi High Court on Thursday issued a notice to the Enforcement Directorate (ED) concerning a petition by Hari Om Rai, the managing director of Lava International, seeking an extension of his interim bail.

Interim Bail

Rai, who was granted three months of interim bail in February due to health reasons, saw the term of his bail ending on May 15.

Senior Advocate Vikas Pahwa, representing Hari Om Rai, emphasized the necessity for a six-month extension of bail, citing Rai’s serious heart condition. Pahwa mentioned that Rai had already submitted medical documents from AIIMS, which could be verified by the ED.

Acknowledging these submissions, the bench of Justice Swarna Kanta Sharma sought a response from the ED and scheduled a further hearing on May 13. Rai was arrested by the ED in connection with a Prevention of Money Laundering Act (PMLA) case related to Chinese mobile phone manufacturing company Vivo.

Previously, the Delhi High Court, while granting three months’ interim bail to Rai, highlighted the urgency of specialized medical care in cardiac emergencies, considering the grave risks involved. The court underscored Rai’s health condition, his age of 57 years, and his diagnosed heart-related issues, including angina, for which coronary angiography was recommended.

Senior Advocate Vikas Pahwa, along with other advocates, appeared for Rai in the matter. Rai’s plea explained his involvement with Vivo China in 2013, aiming for a joint venture that ultimately did not materialize.

Despite deteriorating India-China relations over time, Rai argued that his actions did not constitute an offense when friendly business relations prevailed.

Accusations

According to the ED, certain Chinese shareholders of Grand Prospect International Communication Private Ltd. committed fraudulent activities, including using forged identification documents.

The agency alleged that fraudulent incorporation and misrepresentation were evident in the company’s records. Raids conducted by the ED led to the seizure of cash and the arrest of several individuals, including Rai.

The PMLA investigation initiated by the ED followed the registration of a money laundering case on February 3, 2022.

Read More: Supreme Court, Delhi High Court, States High Court, Other Courts, International

Nunnem Gangte

Recent Posts

Non-Compliance In 2021 Defamation Case: Former Diplomat Lakshmi Puri Moves Delhi HC Against TMC leader Saket Gokhale

Former Diplomat Lakshmi Puri on Monday has approached the Delhi High Court in relation to…

26 minutes ago

Vandalism At Allu Arjun’s House: Hyderabad Court Grants Bail To 6 Accused

Six individuals, accused of vandalizing actor Allu Arjun's residence in Hyderabad's Jubilee Hills, has granted…

32 minutes ago

BJP MLAs Petition Delhi HC Over Pending CAG Reports

Several Bharatiya Janata Party MLAs from Delhi have approached the Delhi High Court on Monday…

1 hour ago

Delhi HC Extends Kuldeep Singh Sengar’s Interim Bail For One Month

The Delhi High Court on Monday has extended the interim bail of Kuldeep Singh Sengar,…

2 hours ago

Supreme Court Says “Marriage Is Relationship Built On Mutual Trust, Companionship”

The Supreme Court has upheld a decision by the Madras High Court granting a divorce…

2 days ago

Delhi HC Grants Anticipatory Bail To Lawyer In Brother’s Criminal Case

The Delhi High Court has granted transit anticipatory bail to a lawyer whose brother is…

2 days ago