New Delhi, Sept 3 (ILNS) The Supreme Court today issued notice to the National Capital Territory of Delhi to intimate the court as in how much time the investigation will be completed regarding the misappropriation of Rs 2397 crore through RHC Holding Pvt Ltd qua Director of Shell Entities, in relation to the bail plea of Shivinder Mohan Singh, promoter of several entities and shareholder of REL.
A bench comprising Chief Justice N.V. Ramana, Justice Surya Kant and Justice A.S. Bopanna did not consider the argument of bail at this stage.
Senior Advocate, Siddharth Luthra, representing Shivinder, argued that the petitioner has been languishing in Judicial Custody since October 2019, 23 months to be precise. Charge sheet has been filed by the Investigation Officer. Shivinder can’t be kept for longer period of time in custody, Luthra contended.
The Bench observed, “These allegations are serious in nature. Investigation is going on. But admittedly, it has been observed by the Investigation officer that money has still to be traced out.”
Luthra submitted that it is not a case, where the bail application got dismissed twice. “I was granted bail by the trial court and then vide a High Court order, they sent back me to Jail,” he said.
Senior Advocate Basant appearing for the complainant stated that more than Rs 2000 crore has been embezzled. Investigation is not closed yet. To which the CJI asked Basant, how much time will it take to complete the investigation. “You can’t be amending stories,” said the CJI.