DHEERAJ WADHAWAN vs DIRECTORATE OF ENFORCEMENT AND ANR.

Judgment text excerpt

12.BA.2350.2024+.doc HARSHADA H. SAWANT (P.A.) IN THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL APPELLATE JURISDICTION BAIL APPLICATION NO.2350 OF 2024 Dheeraj Wadhawan .. Applicant Versus Directorate of Enforcement and Anr. .. Respondents WITH BAIL APPLICATION NO.2347 OF 2024 Kapil Wadhawan .. Applicant Versus Directorate of Enforcement and Anr. .. Respondents ....................  Mr. Amit Desai, Senior Advocate a/w. Mr. Gopalkrishna Shenoy, Mr. Kushal Mor, Ms. Pooja Kothari, Ms. Janaki Garde and Mr. Raghav Dharmadhikari, Advocate i/by M/s. Rashmikant and Partners for Applicant in both Bail Applications.  Mr. H.S. Venegavkar a/w Mr. Aayush Kedia and Ms. Diksha Ramnani, Advocates for Respondent No.1 – ED.  Mr. H. J. Dedhia, APP for Respondent No.2 – State. ................... CORAM : MILIND N. JADHAV, J. DATE : FEBRUARY 12, 2025 JUDGEMENT: 1. Heard Mr. Desai, learned Senior Advocate for Applicants; Mr. Venegavkar, learned Advocate for Respondent – ED and Mr. Dedhia, learned Advocate for Respondent – State. 2. The twin Bail Applications have been filed under Section 436-A read with Sections 439 and 482 of Code of Criminal Procedure, 1973 (for short ‘Cr.P.C.’) seeking Bail in connection with ECIR/MBZO- I/03/2020 dated 07.03.2020 registered with Central Bureau of 1 of 32 12.BA.2350.2024+.doc Investigation (‘CBI’), EO-I, New Delhi for offences punishable under Sections 120-B read with 420 of the Indian Penal Code, 1860 (for short ‘IPC’) and Section 3 of the Prevention of Money Laundering Act, 2002 (for short ‘PMLA’). There are in all 36 accused in the matter and Applicants before me are arraigned as Accused Nos.9 and 10 in the crime incarcerated since 14.05.2020 i.e. almost 4 years 9 months. Since facts are common as also charges qua both accused arising out of the sa