Delhi Court Grants Bail to I-PAC Co-Founder in Coal Scam Case

A Delhi court granted bail to Vinesh Chandel, co-founder of I-PAC, in connection with a money laundering case linked to a coal scam in West Bengal. The court noted the Enforcement Directorate's lack of opposition to the bail plea, and Chandel's cooperation during custodial interrogation. He must adhere to specific bail conditions.

A Delhi court has granted bail to I-PAC co-founder Vinesh Chandel in a significant development related to a money laundering case tied to an alleged coal scam in West Bengal. Notably, the Enforcement Directorate (ED) chose not to contest Chandel's bail application.

According to Additional Sessions Judge Amit Bansal, Chandel had been cooperative with the investigation during his ten-day custodial interrogation. The ED prosecutor did not oppose the plea, suggesting that the stringent conditions outlined in Section 45 of the Prevention of Money Laundering Act do not apply in this instance.

The court imposed several conditions for Chandel's release, including a personal bond of Rs 2 lakh, a restriction on leaving India, and appearances for trial. Chandel is also prohibited from influencing witnesses or tampering with evidence. This decision follows previous court actions, including Chandel's arrest by the ED and rejected interim bail plea.