Bombay HC refuses to grant Bail to MD of IL&FS Transportation Networks accused of Money Laundering to the tune of INR 27.78 Crores [Read Order]

The Bombay High Court refused to grant bail to Ramchand Karunakaran, Managing Director of IL&FS Transportation Networks accused of Money Laundering to the tune of INR 27.78 Crores. The applicant, Ramchand Karunakaran has seeked his release on bail in relation to an offence under the Prevention of Money Laundering Act, 2002. The applicant was summoned […]

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