Directorate Of Enforcement versus M/S Jindal Steel And Power Ltd And Ors | Order Dated Mon, 25 Sep 2023

Directorate Of Enforcement versus M/S Jindal Steel And Power Ltd And Ors - Order No: 140

Case and Order Information

Case Number: CR Cases/1/2019

Parties: Directorate Of Enforcement versus M/S Jindal Steel And Power Ltd And Ors

Order Number: 140

Filing Date: Fri, 13 Jul 2018

Order Date: Mon, 25 Sep 2023

Order Description: COPY OF ORDER

Status: Arguments on Charge

Stage: Arguments on Charge

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Order Content

CNR No. DLCT11-000452-2019

CRC No. 01/2019 (Old CRC No. 08/18)

ECIR No. 12/DLZO/2014

Branch: Delhi Zonal Office, Zone-II.

ED vs. M/s Jindal Steel and Power Ltd. & Ors.

Offence u/s 3 and punishable u/s 4 PMLA, 2002

25.09.2023

As directed vide Circular Nos. 01/RG/DHC/2023 Dated 05.06.2023 and 255/DHC/Gaz./G-2/2022 dated 11.05.2022 of Hon'ble High Court of Delhi issued in terms of W.P.(C) 6432/2022 & CM Appl. 19474-76/2022 titled Raj Gaurav vs Hon'ble High Court of Delhi & Ors dated 11.05.2022 & circulated vide No.2552-64/DHC/ Gaz./G-2/2022 dt. 11.05.2022 and also as communicated vide Orders No.Hybrid Hearing/Gaz./RACC/Gaz./2022/14924C to 14970C dtd. 17.05.2022 and Hybrid Hearing/Gaz./RACC/Gaz./2022/15756-15800C dated 26.05.2022 of Officer In-Charge (Judl), RACC, New Delhi, the hearing of the present matter is being taken up in hybrid mode i.e. physically as well as via Cisco WebEx Platform in the presence of:

Proceedings

Present:

Ld. Special PPs Sh. Rajesh Batra, Sh. N.K. Matta and Ld. Advocates Sh. Ansh Singh Luthra and Ms. Sonia Kukreja for DoE (all through VC).

Ld. Advocates Sh. Prabhas Bajaj and Sh. Shikhar Adholia in person for ED.

Applicant/accused no. 12 Sh. Rajeev Agarwal with Ld. Counsel Sh. Siddhesh Kotwal (both through VC).

APPLICATION DATED 22.09.2023 SEEKING PERMISSION FOR TRAVEL TO DUBAI ON BEHALF OF ACCUSED NO. 12 MR. RAJEEV AGGARWAL FROM 02.10.2023 TO 06.10.2023 ON CONDITION OF PRIOR PERMISSION OF THIS COURT FOR TRAVELLING ABROAD.

This order shall dispose of the present application of the applicant/accused no. 12 Sh. Rajeev Agarwal seeking permission to

travel abroad to Dubai from 02.10.2023 to 06.10.2023 on account of business meetings.

It is mentioned in the application that the applicant/accused Sh. Rajeev Agarwal has to travel to Dubai from 02.10.2023 to 06.10.2023 for attending multiple meetings with banks and financial institutions for building a strong business relationship with the banks to strengthen the Company's operations in the Middle East. It is further mentioned in the application that applicant shall be conducting a factory premises visit of KEC Towers LLC tentatively on 05.10.2023 situated at Plot No.598653, Dubai Investment Part 2, Jebel Ali Industrial Area, Dubai.

It is further mentioned in the application that this court has granted bail to the applicant/accused Sh. Rajeev Agarwal on 15.10.2018 on certain conditions of the said order which is enclosed with this application as Annexure-I. It is further mentioned in the application that the applicant/accused has been diligent, compliant and co-operative with the investigation agencies had never misused/ breached any conditions imposed by this court at the time of granting him bail.

It is further mentioned in the application that the applicant/accused is a permanent resident of Mumbai and has deep roots in the society and has never involved in any offence whatsoever in any manner and has clean antecedents.

Through this application, the applicant/accused has provided the detailed table of flight tickets and traveling details during the above mentioned period. He has also provided the detail of the address where he will be staying during his visit to Dubai.

It is further mentioned in the application that earlier also, the applicant/accused Sh. Rajeev Agarwal has traveled on several occasions as per permission granted to him by this court. As per tabular chart filed by Ld. Counsel for the accused, the applicant/accused was given permission to travel abroad once in the year 2018, twice in the year 2019 and twice in the year 2020, though he did not travel when first time permission was given in 2020 because of Covid-19 concerns. He has also travelled abroad four times since the year 2021.

It is further mentioned in the application that the applicant/accused is not the main accused and is wrongly arrayed as an accused in the present matter. With respect to the transaction alleged in the complaint, the CBI has registered an FIR No. RC-219 2013(E) 0006, u/s 120-B, 409 and 420 of IPC r/w Section 13(1)(c) and 13(1)(d) of PC Act, 1988 against various accused persons. He was earlier wrongly arraigned as Accused No. 17 through Supplementary Chargesheet No. 06/2017 dated 22.03.2017 filed by CBI in Criminal Case No. 44 of 2016 pending before this court. However, at the time of framing of charges, this court, vide order dated 13.07.2018 (copy of said order is enclosed with this application as Annexure-II) was pleased to discharge the applicant from all charges in the said case which is relating to the same transaction alleged in the present complaint.

ED has not filed reply to this application, however, Ld. Special PP for ED has orally opposed the present application.

This Court has considered the submissions made on behalf of Ld. Counsel for the applicant/accused no. 12 and Ld. Spl. PP for ED.

A perusal of record shows that earlier also, the accused has traveled abroad on several occasions and has complied with all the conditions imposed by the court. The applicant/accused has undertaken in the present application that he will not dispute his identity and will comply with any condition imposed by this court.

Therefore, in the considered opinion of this Court, the applicant/accused no. 12 is entitled to permission of the Court to travel to Dubai from 02.10.2023 to 06.10.2023.

The conditions for this permission shall be as under:-

  • · He shall furnish FD for a sum of Rs.10,00,000/(Rupees Ten Lakh Only) .
  • · He shall inform to the IO and the Court about his arrival to India mentioning the details of the places visited by him alongwith the other details of the itinerary within seven days of his arrival. The applicant/accused shall also file complete copy of his passport alongwith the copy of Visa in the Court on his return.
  • · He shall not tamper with the evidence nor try to influence any witness in any manner and will not use the permission granted to him so as to hamper the trial in any manner.
  • · This permission shall be subject to other applicable rules and will not be deemed as directions to any authority except the permission from the side of the Court.
  • · His Advocate Sh. Siddhesh Kotwal shall undertake to accept notice from the Court/IO, if any, on behalf of the applicant in his absence and shall further undertake that in case the presence of applicant is

required during the aforesaid period he shall immediately intimate the applicant and the applicant shall return to India within 48 hours.

  • · He shall intimate the Court about his contact addresses where he would be staying and his contact numbers.

The present application is accordingly disposed of.

As prayed, copy of this order be given dasti to Ld. Counsel for applicant/accused.

Arun Bhardwaj Special Judge (PC Act) (CBI) Coal Block Cases-01, RADC, New Delhi/25.09.2023

ECIR No. 12/DLZ0O/2014

ED vs. M/s Jindal Steel and Power Ltd. & Ors.

25.09.2023

As directed vide Circular Nos. 01/RG/DHC/2023 Dated

05.06.2023 and 255/DHC/Gaz./G-2/2022 dated 11.05.2022 of Hon'ble

High Court of Delhi issued in terms of W.P.(C) 6432/2022 & CM

Appl. 19474-76/2022 titled Raj Gaurav vs Hon'ble High Court of

Delhi & Ors dated 11.05.2022 & circulated vide No.2552-64/DHC/

Gaz./G-2/2022 dt. 11.05.2022 and also as communicated vide Orders

No.Hybrid Hearing/Gaz./RACC/Gaz./2022/14924C to 14970C dtd.

17.05.2022 and Hybrid Hearing/Gaz./RACC/Gaz./2022/15756-15800-

C dated 26.05.2022 of Officer In-Charge (Judl), RACC, New Delhi,

the hearing of the present matter is being taken up in hybrid mode i.e.

physically as well as via Cisco WebEx Platform in the presence of:

Present: Ld. Special PPs Sh. Rajesh Batra, Sh. N.K. Matta and Ld.

Advocates Sh. Ansh Singh Luthra and Ms. Sonia Kukreja

for DoE (all through VC).

Ld. Advocates Sh. Prabhas Bajaj and Sh. Shikhar Adholia

in person for ED.

Applicant/accused no. 12 Sh. Rajeev Agarwal with Ld.

Counsel Sh. Siddhesh Kotwal (both through VC).

APPLICATION DATED 22.09.2023 SEEKING

PERMISSION FOR TRAVEL TO DUBAI ON BEHALF OF

ACCUSED NO. 12 MR. RAJEEV AGGARWAL FROM

02.10.2023 TO 06.10.2023 ON CONDITION OF PRIOR

PERMISSION OF THIS COURT FOR TRAVELLING ABROAD.

This order shall dispose of the present application of the

applicant/accused no. 12 Sh. Rajeev Agarwal seeking permission to

Page 1 of S

travel abroad to Dubai from 02.10.2023 to 06.10.2023 on account of

business meetings.

It is mentioned in the application that the

applicant/accused Sh. Rajeev Agarwal has to travel to Dubai from

02.10.2023 to 06.10.2023 for attending multiple meetings with banks

and financial institutions for building a strong business relationship

with the banks to strengthen the Company's operations in the Middle

East. It is further mentioned in the application that applicant shall be

conducting a factory premises visit of KEC Towers LLC tentatively

on 05.10.2023 situated at Plot No.598653, Dubai Investment Part 2,

Jebel Ali Industrial Area, Dubai.

It is further mentioned in the application that this court

has granted bail to the applicant/accused Sh. Rajeev Agarwal on

15.10.2018 on certain conditions of the said order which is enclosed

with this application as Annexure-I. It is further mentioned in the

application that the applicant/accused has been diligent, compliant and

co-operative with the investigation agencies had never misused/

breached any conditions imposed by this court at the time of granting

him bail.

It is further mentioned in the application that the

applicant/accused is a permanent resident of Mumbai and has deep

roots in the society and has never involved in any offence whatsoever

in any manner and has clean antecedents.

Through this application, the applicant/accused has

provided the detailed table of flight tickets and traveling details during

the above mentioned period. He has also provided the detail of the

address where he will be staying during his visit to Dubai.

Page 2 of 5

It is further mentioned in the application that earlier also,

the applicant/accused Sh. Rajeev Agarwal has traveled on several

occasions as per permission granted to him by this court. As per

tabular chart filed by Ld. Counsel for the accused, the

applicant/accused was given permission to travel abroad once in the

year 2018, twice in the year 2019 and twice in the year 2020, though

he did not travel when first time permission was given in 2020

because of Covid-19 concerns. He has also travelled abroad four times

since the year 2021.

It is further mentioned in the application that the

applicant/accused is not the main accused and is wrongly arrayed as

an accused in the present matter. With respect to the transaction

alleged in the complaint, the CBI has registered an FIR No. RC-219

2013(E) 0006, u/s 120-B, 409 and 420 of IPC r/w Section 13(1)(c) and

13(1)(d) of PC Act, 1988 against various accused persons. He was

earlier wrongly arraigned as Accused No. 17 through Supplementary

Chargesheet No. 06/2017 dated 22.03.2017 filed by CBI in Criminal

Case No. 44 of 2016 pending before this court. However, at the time

of framing of charges, this court, vide order dated 13.07.2018 (copy of

said order is enclosed with this application as Annexure-II) was

pleased to discharge the applicant from all charges in the said case

which is relating to the same transaction alleged in the present

complaint.

ED has not filed reply to this application, however, Ld.

Special PP for ED has orally opposed the present application.

Page 3 of 5

This Court has considered the submissions made on

behalf of Ld. Counsel for the applicant/accused no. 12 and Ld. Spl. PP

for ED.

A perusal of record shows that earlier also, the accused

has traveled abroad on several occasions and has complied with all the

conditions imposed by the court. The applicant/accused has

undertaken in the present application that he will not dispute his

identity and will comply with any condition imposed by this court.

Therefore, in the considered opinion of this Court, the

applicant/accused no. 12 is entitled to permission of the Court to travel

to Dubai from 02.10.2023 to 06.10.2023.

• He shall furnish FD for a sum of Rs.10,00,000/-

(Rupees Ten Lakh Only).

• He shall inform to the IO and the Court about

his arrival to India mentioning the details of the places

visited by him alongwith the other details of the

itinerary within seven days of his arrival. The

applicant/accused shall also file complete copy of his

passport alongwith the copy of Visa in the Court on his

return.

• He shall not tamper with the evidence nor try to

influence any witness in any manner and will not use

the permission granted to him so as to hamper the trial

in any manner.

• This permission shall be subject to other

applicable rules and will not be deemed as directions to

any authority except the permission from the side of

the Court.

• His Advocate Sh. Siddhesh Kotwal shall

undertake to accept notice from the Court/IO, if any, on

behalf of the applicant in his absence and shall further

undertake that in case the presence of applicant is

Page 4 of 5

required during the aforesaid period he shall

immediately intimate the applicant and the applicant

shall return to India within 48 hours.

• He shall intimate the Court about his contact

addresses where he would be staying and his contact

numbers.

The present application is accordingly disposed of.

As prayed, copy of this order be given dasti to Ld.

Counsel for applicant/accused.

Arun Bhardwaj

Special Judge (PC Act) (CBI)

Coal Block Cases-01, RADC,

New Delhi/25.09.2023

Page 5 of 5

Document information last updated: Sat, 06 Sep 2025, 06:19 AM IST