Tandon, Kotak Mahindra Manager sent to 14-day judicial custody
New Delhi [India], Jan. 2 (ANI): A Delhi court on Monday sent Lawyer Rohit Tandon and Kotak Mahindra Bank Manager Ashish Kumar to a 14-day judicial custody.
Meanwhile, Tandon and another accused Parasmal Lodha, moved their bail application in Delhi's Saket court.
The court will hear Tandon's bail plea on January 4 and that of Lodha on January 6.
On December 29, a Delhi court sent Lodha and Tandon, both arrested for money laundering, to a Enforcement Directorate(ED) remand till January 2.
The duo were produced before Metropolitan Magistrate Ashok Kumar.
Special Public prosecutor Vikas Garg had sought 14-day Enforcement Directorate custody.
Meanwhile, Tandon's defence counsel opposed the plea saying that possession of demonetised currency is not an offence.
The Crime Branch and the Delhi Police had earlier on December 11 carried out raids at the office of his firm T&T Law and seized nearly Rs. 13.5 crore, of which Rs. 2.6 crore was in new banknotes released after demonetisation.
The lawyer had recently declared unaccounted income worth over Rs. 125 crore after searches were carried out against him.
Lodha was arrested on December 21 and later the court had sent him to seven-day ED custody on December 22.
The Enforcement Directorate yesterday arrested Ashish Kumar, the manager of Kotak Mahindra Bank in K.G. Marg, in connection with its money laundering probe in a criminal case of detection of nine alleged fake accounts with deposits worth Rs. 34 crore post demonetisation. (ANI)