A Delhi court has granted bail to I-PAC director Vinesh Chandel in a money laundering case, after the Enforcement Directorate (ED) did not oppose his appeal.
The court imposed conditions, including a personal bond of ₹2 lakhs and one surety of the like amount, and ordered Chandel to join the investigation as and when required.
The ED had alleged that I-PAC was involved in laundering proceeds of crime amounting to crores of rupees, with around ₹50 crore identified during the probe.
Chandel, who holds a 33% stake in the company, was arrested earlier in April, shortly before the phase 1 of the West Bengal assembly elections.
