Delhi HC grants bail to a politician on medical grounds on furnishing a bond of Rs. 10 lakh in money laundering case

FEMA, BANKING amp; INSURANCE : Petitioner was arrested and remanded to judicial custody for offence of fertilizer scam under PMLA as it had fraudulently imported fertilizers and other materials for fertilizer production at inflated prices and claimed higher subsidy from Government of India causing loss of several crores of rupees and allegedly siphoned off commission received from suppliers through a complex web of fake commercial transactions through multiple companies owned by accused persons,

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