Money laundering case: SC issues notice to Bineesh Kodiyeri

B Balagopal I Mathrubhumi News

New Delhi: The Supreme Court of India has served a notice to Bineesh Kodiyeri on a petition filed by the Enforcement Directorate(ED) over a money laundering case. ED submitted the plea before the apex court requesting to cancel the bail granted to Bineesh Kodiyeri. The notice was issued by a bench comprising Justice BR Gavai and Justice AS Bopanna.

KM Nataraj, the additional solicitor general who appeared for ED, pointed out the presence of clear evidence against Bineesh in the case. "He was unable to provide the details of the source from which he acquired his assets. He also failed to provide the source for the deposits he had made in IDBI, HDFC, SBI, and Federal Bank. Additionally, some of those who deposited the money in the aforementioned banks failed to appear for questioning," he added.

Bineesh obtained bail from Karnataka High Court in October 2021. Following this, the ED deputy director filed a petition in Supreme Court challenging this verdict.

According to ED, Bineesh along with Anoop Muhammed, the accused in the drug trafficking case, had laundered drug trade profit. ED also said that Bineesh had acquired wealth from illegitimate sources. Following this, he was arrested on October 29, 2020.

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