SC grants bail to businessman Abhishek Boinpally in excise policy irregularities matter

New Delhi [India], October 14 (ANI): The Supreme Court on Monday granted bail to businessman Abhishek Boinpally, accused in a money laundering case relating to alleged Delhi excise policy irregularities.

A bench of Justices M M Sundresh and Aravind Kumar noted that all other accused have been granted bail and the complaint has already been filed.

The top court set aside the Delhi High Court, which denied him bail in the case.

“Accordingly, the impugned orders are set aside and the appellant is granted bail on terms and conditions to the satisfaction of the trial Court,” the top court said.

“We make it clear that the condition by order dated March 20 2024 was only to grant interim bail and, therefore, it is open to the Trial Court to impose any condition as it deems proper,” the top court said.

The court was hearing the bail plea of Boinpally, who has also challenged the Delhi High Court order refusing his bail plea.

The Enforcement Directorate has charge-sheeted Abhishek Boinpally along with various accused including Vijay Nair, Sharath Reddy, Binoy Babu, Amit Arora and various companies. ED has also arrested various political politicians including AAP leaders Manish Sisodia and Sanjay Singh and BRS leader K Kavitha.

In the case, the ED and the CBI had alleged that irregularities were committed while modifying the Excise Policy, undue favours were extended to licence holders, the licence fee was waived or reduced and the L-1 licence was extended without the competent authority’s approval. The beneficiaries diverted “illegal” gains to the accused officials and made false entries in their books of account to evade detection.