![[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.
The Delhi High Court ruled that property seized under the Prevention of Money-Laundering Act must be returned within 365 days if no prosecution complaint is filed. This reinforces the balance between law enforcement and individual rights. The decision reflects a cautious approach towards the exercise of power by enforcement agencies, emphasizing respect for the rule of law.
