Former Chief Justice of India Sanjiv Khanna stated that not every case of financial inaction qualifies as a white-collar crime. Speaking at the National Conference on White Collar Crime, he stressed the need for nuanced understanding of economic offences.
The Supreme Court has emphasized that anticipatory bail should be granted sparingly in economic offences, given their serious impact on the financial system and public trust. The observation came while the Court set aside anticipatory bail granted to several accused in the Adarsh Group of Companies scam. It noted that economic offences require thorough investigation and custodial interrogation, which can be hampered by pre-arrest bail.
![[Vivo PMLA Case] Delhi HC Issues Notice to ED for Interim Bail Extension To Lava's MD Hariom Rai](https://i0.wp.com/lawchakra.in/wp-content/uploads/2024/05/MicrosoftTeams-image-22.png?resize=447%2C367&ssl=1)
Today (9th May): The Delhi High Court has issued a notice to the Enforcement Directorate (ED) in response to Lava Mobiles’ Managing Director Hariom Rai’s plea seeking an extension of interim bail in the Vivo PMLA case. The Court emphasized Rai’s critical health condition and scheduled a further hearing on May 13. This comes amid allegations of fraudulent activities involving Chinese shareholders of Grand Prospect International Communication Private Ltd. and the subsequent money laundering case.
