By admin 
The Punjab and Haryana High Court on Monday granted bail to Aam Admi Party (AAP) MLA Jaswant Singh in a money laundering case. Singh is an MLA from Amargarh constituency in Punjab and was arrested by ED in November 2023.
Judge Mahabir Singh Sindhu granted bail to Singh. However, a detailed order is awaited.
Jaswant Singh was booked under PMLA for allegedly being director and guarantor of a company M/s TCL, which had obtained loan and credit facilities of over Rs.46 crores.
The amount is said to have been transferred to other companies, in violation of the conditions for extending the credit facilities. It is also said that an amount of Rs.3.12 crores has been diverted to the AAP leader’s personal account.
The account of M/s TCL was declared as fraud on 9-02-2018 on the basis of forensic audit report and the matter was reported to RBI. The petitioner was summoned several times to participate in the investigation, but he did not appear before the investigating agency. Singh was arrested by ED in November 2023.
The Supreme Court did so in May rejected Singh’s plea challenges his arrest by ED in the case.
The bank had observed that “tThe written grounds for arrest were served on him as evidenced by his signatures appended thereto and available in the file. We are therefore satisfied that there has been substantive compliance with Section 19(1) of the PMLA.”
The story will be updated.
Title: Jaswant Singh v ED