Thread by @LiveLawIndia

Delhi Court to hear Manish Sisodia’s bail plea in a money laundering case connected to the national capital's excise policy of 2021-22.

He was denied bail in CBI case last week.

#ManishSisodia #ED #DelhiCourt

Special Judge MK Nagpal of Rouse Avenue Courts will hear the matter at 2 PM.

While denying him bail in CBI case, the court observed that Sisodia can prima facie be held to be architect of the criminal conspiracy.
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#ManishSisodia

Manish Sisodia has been produced inside the courtroom. Judge yet to preside.

#ManishSisodia #DelhiCourt #ED

Special Judge MK Nagpal presides. Hearing commences.

#ManishSisodia #DelhiCourt #ED

Counsel appearing for Sisodia submits that no offence of money laundering under PMLA is made out in the matter.

#ManishSisodia

Counsel: None of the ingredients are even prima facie made out against me (Sisodia).

Counsel now refers to a relevant judgement on PMLA.

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Counsel submits that there is no evidence or material to show that Manish Sisodia concealed or acquired proceeds of crime.

“There is absolutely no evidence,” he submits.

#ManishSisodia #DelhiCourt #ED

Counsel: There is nothing connecting me (Sisodia) to proceeds of crime.

Not a single penny has come to my account.

#ManishSisodia #ED

Advocate Zoheb Hossain commences submissions on behalf of ED.

Hossain: We are gathering fresh evidence. Crucial evidence is still being unearthed.

#ED #ManishSisodia

Hossain: Various people have confirmed that wholesale profit margin was increased to 12% to ensure kickbacks are received.

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Court lists the matter for arguments on April 12. Extends Sisodia’s judicial custody in ED case till April 17.

#ManishSisodia #ED