Court denies GVK’s Sanjay Reddy flexibility in travel abroad in money laundering case concerning Mumbai airport construction | Unsplash
A special court has turned down the request of GVK’s vice chairman GV Sanjay Reddy, accused in a money laundering case concerning the construction of Mumbai International Airport Ltd. (MIAL), for modifying his bail conditions such that he does not have to seek the court’s permission to travel abroad but could merely intimate it of his travels.
In sharp remarks, while denying him the relief, Special Judge under the Prevention of Money Laundering Act (PMLA) MG Deshpande said in the order that Reddy may be a frequent flyer and may have business ties in various countries, but is not an illiterate person that he does not know what conditions a court imposes on a person seeking bail. It said that he was aware that if he is granted bail, the court would certainly impose conditions on him to safeguard the fate of the trial and the proceeds of crime amounting up to Rs. 509 crores.
It reminded him that while seeking bail, he had stated in his bail plea that he is ready to abide by any conditions that may be imposed on him by the court. It remarked that now he cannot raise a finger of objection. Judge Deshpande further stated that it is Reddy who is responsible for conditions imposed by the court as the amount of proceeds of crime (POC) is Rs. 509 crores. “It cannot be ignored that such a huge POC has been generated from the construction…