Directorate Of Enforcement versus M/S Jindal Steel And Power Ltd And Ors | Order Dated Mon, 28 Oct 2024

Directorate Of Enforcement versus M/S Jindal Steel And Power Ltd And Ors - Order No: 209

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: 209

Filing Date: Fri, 13 Jul 2018

Order Date: Mon, 28 Oct 2024

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

28.10.2024

Matter taken up today on receipt of application dated 28.10.2024 from Bail & Filing Section, RADC, New Delhi filed on behalf of Accused Sh. Rajeev Agarwal.

Proceedings

Present:

Ld. Special PP Sh. N.K. Matta and Ld. Advocates Ms. Sonia Kukreja, Sh. Ansh Singh Luthra and Ms. Jyoti Khattar (all through VC) for ED.

Applicant/accused No. 12 Sh. Rajeev Agarwal with Ld. Counsels Sh. Siddhesh Kotwal (both through VC) and Sh. Tejasvi Gupta.

IA NO. 52/2024: APPLICATION DATED 28.10.2024 FILED ON BEHALF OF ACCUSED NO. 12 MR. RAJEEV AGARWAL SEEKING PERMISSION FOR TRAVEL TO DUBAI AND BAHRAIN FROM 05.11.2024 TO 09.11.2024.

Copy supplied to Ld. Advocate Sh. Ansh Singh Luthra for DoE.

This order shall dispose of the present application of the applicant/accused no. 12 Sh. Rajeev Agarwal seeking permission to travel abroad to Dubai and Bahrain from 05.11.2024 to 09.11.2024 for multiple meetings with various reputed banks for the official purpose of the company.

It is mentioned in the application that applicant/accused Rajeev Agarwal was granted bail vide order dated 15.10.2018 on certain conditions [Copy of order dated 15.10.2018 is enclosed with this application as AnnexureI]. It is further mentioned in the application that the applicant/accused has been diligent, compliant and co-operative with the investigation agencies had never

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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 details 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.

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. Details of previous travels of applicant/accused is mentioned at para 5 of the present application in a tabular form.

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.

Ld. Special PP Sh. N.K. Matta for DoE has formally opposed the application.

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

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 Rajeev Agarwal is entitled to permission of the Court to travel to Dubai and Bahrain from 05.11.2024 to 09.11.2024 for multiple meetings with various reputed banks for the official purpose of the company.

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.

A digitally signed copy of this order be sent to Ld. SPP for ED and the Ld. Counsel for the accused through E-mail/WhatsApp. A copy of order be also given dasti to the Ld. Counsel for the applicant/accused.

Arun Bhardwaj Special Judge (PC Act) (CBI) Coal Block Cases-01, RADC, New Delhi/28.10.2024

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

28.10.2024

Matter taken up today on receipt of application dated 28.10.2024

from Bail & Filing Section, RADC, New Delhi filed on behalf of Accused Sh.

Rajeev Agarwal.

Present: Ld. Special PP Sh. N.K. Matta and Ld. Advocates Ms. Sonia

Kukreja, Sh. Ansh Singh Luthra and Ms. Jyoti Khattar (all through

VC) for ED.

Applicant/accused No. 12 Sh. Rajeev Agarwal with Ld. Counsels

Sh. Siddhesh Kotwal (both through VC) and Sh. Tejasvi Gupta.

IA NO. 52/2024: APPLICATION DATED 28.10.2024 FILED ON

BEHALF OF ACCUSED NO. 12 MR. RAJEEV AGARWAL SEEKING

PERMISSION FOR TRAVEL TO DUBAI AND BAHRAIN FROM 05.11.2024

TO 09.11.2024.

This order shall dispose of the present application of the

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

abroad to Dubai and Bahrain from 05.11.2024 to 09.11.2024 for multiple

meetings with various reputed banks for the official purpose of the company.

It is mentioned in the application that applicant/accused Rajeev

Agarwal was granted bail vide order dated 15.10.2018 on certain conditions

[Copy of order dated 15.10.2018 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

Page 1 of 4

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

details 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.

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. Details of previous travels of

applicant/accused is mentioned at para 5 of the present application in a tabular

form.

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.

Page 2 of 4

Ld. Special PP Sh. N.K. Matta for DoE has formally opposed the

application.

This Court has considered the submissions made on behalf of Ld.

Counsel for the applicant/accused no. 12 and Ld. Special PP for DoE.

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 Rajeev Agarwal is entitled to permission of the Court

to travel to Dubai and Bahrain from 05.11.2024 to 09.11.2024 for multiple

meetings with various reputed banks for the official purpose of the company.

• 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.

Page 3 of 4

A digitally signed copy of this order be sent to Ld. SPP for ED and

the Ld. Counsel for the accused through E-mail/WhatsApp. A copy of order be

also given dasti to the Ld. Counsel for the applicant/accused.

Arun Bhardwaj

Special Judge (PC Act) (CBI)

Coal Block Cases-01, RADC,

New Delhi/28.10.2024

Page 4 of 4

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