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by Admin
07 May 2024 2:49 AM
In a significant development, the Calcutta High Court rejected the bail application of Sri Manik Bhattacharya, in connection with the money laundering case arising out of ECIR No. KLZOII/19/2022. The Hon’ble Justice Tirthankar Ghosh, presiding over the case, underscored the seriousness of the allegations and the influential position of the accused in his decision to deny bail.
Justice Ghosh noted, “The gravity of the offence as also the stage of the investigation which is at the final stage, I am of the view that this is not a fit case for the petitioner to be released on bail at this stage.” This statement came as the court considered various aspects of the case, including the petitioner’s role as the former President of the West Bengal Board of Primary Education and the ongoing investigation by the Enforcement Directorate (ED).
The case, which has garnered significant attention, involves allegations of money laundering in the recruitment of primary teachers. The ED’s investigation brought forth incriminating materials recovered from Bhattacharya’s premises, indicating his possible involvement in the recruitment scam.
The court also referred to several key judgments by the Supreme Court highlighting the seriousness of economic offences. “The severity of punishment upon conviction, potential impact on the investigation, and the seriousness of economic offenses,” were pivotal factors in the court’s decision, as Justice Ghosh reiterated the need for a stringent approach in such cases.
The timeline for the investigation has been set, with the High Court directing its conclusion by December 31, 2023. This tight schedule underscores the complexity and the high stakes of the case.
Legal experts following the case have noted the court’s emphasis on the accused’s influential position and the potential impact his release could have on the investigation. The decision is seen as a strong message against economic offences and a reaffirmation of the judiciary’s commitment to upholding the law in high-profile cases.
Representing the petitioner, a team of advocates led by Mr. Sandipan Ganguly, Sr. Adv., argued for bail, citing a lack of direct evidence against Bhattacharya. However, the ED’s legal team, including Mr. Phiroze Edulji, Adv., and Ms. Anamika Pandey, Adv., successfully countered these arguments, highlighting the ongoing nature of the investigation and the substantial evidence gathered so far.
Date of Decision: 16 NOV 2023
Sri Manik Bhattacharya versus Enforcement Directorate
