The Supreme Court has sought a response from the Serious Fraud Investigation Office (SFIO) on Vijayraj Surana’s plea seeking relaxation of his bail conditions in a ₹10,000 crore financial fraud case. The top court had earlier granted him bail, noting that prolonged detention before trial amounts to “punishment without conviction.”
Today, On 4th December, the Supreme Court granted bail to Anil Jindal, head of the SRS Group, in a Rs. 770 crore fraud case. Jindal had been in custody for over six years without trial. The bail comes with strict conditions, as the Serious Fraud Investigation Office investigates allegations of financial misconduct and fund misappropriation.
Today, On 18th June, The Kerala High Court issued a notice to Chief Minister Pinarayi Vijayan, his daughter Veena Thaikkandiyil, and her firm Exalogic Solutions regarding alleged corruption in financial transactions with Cochin Mineral and Rutile Ltd. Congress MLA Mathew Kuzhalnadan’s plea challenges a vigilance court’s dismissal and is scheduled for the next hearing on July 2. Another petition and a separate investigation are also pending.
The Supreme Court is set to address 400+ writ petitions on May 1st, challenging penal provisions under five laws. The laws under scrutiny include GST, Customs Act, Companies Act, Black Money Act, and FCRA. Additionally, a bench will address the validity of provisions under the Prevention of Money Laundering Act. Various pleas question the constitutionality and procedures of these laws.
The Bombay High Court Today questioned the Serious Fraud Investigation Office (SFIO) about the basis for downgrading a lookout circular against a woman linked to a 2019 fraud case. The court sought evidence of the legal provisions permitting this action. The matter has been adjourned for further deliberation. The SFIO must provide the lookout circular at the next hearing.
