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Avantha case: Court allows Rana Kapoor’s lawyer to be present during ED’s questioning

A particular court on Tuesday allowed Sure Financial institution co-founder Rana Kapoor‘s lawyer to stay current in the course of the recording of Kapoor’s assertion by the Enforcement Directorate in a case associated to the Avantha group. Kapoor is at the moment in judicial custody after being arrested in March 2020 within the alleged Sure Financial institution fraud case.

The ED is probing an alleged transaction between the Avantha Group of Corporations’ promoter Gautam Thapar and Rana Kapoor and his spouse.

Following Thapar’s arrest earlier this month, the probe company had moved the particular court docket for the Prevention of Cash Laundering Act in search of permission to interrogate Kapoor in jail.

On August 20, the court docket permitted the ED to interrogate Kapoor in judicial custody from Wednesday to Friday this week. Kapoor opposed the order, saying it was handed with out listening to him.

His lawyers Vijay Agarwal and Rahul Agarwal had alternatively sought the presence of legal professionals whereas Kapoor was interrogated.

Particular decide M G Deshpande, after listening to each the perimeters, directed that Kapoor’s lawyer be allowed to be current.

“The advocate needs to be made to sit down at a distance past listening to vary, however inside seen distance and the lawyer have to be ready to be current every time Kapoor is named upon to attend such recording of assertion,” the court docket stated. The ED case adopted an FIR lodged by the Central Bureau of Investigation (CBI).

As per the FIR, Rana Kapoor, then MD and CEO of Sure Financial institution, obtained unlawful gratification within the type of a property in a chief location in Delhi belonging to Avantha Actuality Ltd (ARL) at a lot lower than the market worth.

It was a quid professional quo for sanctioning a mortgage to ARL and lengthening concessions and waivers within the current loans supplied to Avantha Group, the ED alleged.



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