‘No substance in ED’s objections’, says court, gives bail to Yash Birla

MUMBAI: Observing that there is no substance in the Enforcement Directorate’s objections, a special Prevention of Money Laundering Act (PMLA) court on Tuesday allowed accused businessman Yash Birla to travel to the UK for two weeks. The court noted that previously, on seven occasions, the earlier judges presiding over the case, had granted Birla permission to travel abroad.
Stating that it had carefully examined some of those pleas, the special court observed, “Astonishingly, in none of them there is any mention as such that, the applicant (Birla) inspite of summons did not appear before ED and hence was non co-operative. For the first time, after grant of seven previous similar permissions, now ED is saying that, the applicant was non co-operative, which speaks volumes.”
The court said that Birla is to report to the Central agency about his return.