New Delhi, Sep 19 (UNI) Delhi High Court on Thursday dismissed the bail application of lobbyist Deepak Talwar arrested by Enforcement Directorate (ED) under the provisions of Prevention of Money Laundering Act (PMLA).
The Enforcement Directorate and the Central Bureau of Investigation registered a case against Talwar for corruption, while the Income Tax Department charged him with tax evasion.
Investigating Agency submitted that Talwar obtained undue favours for the private airlines using his contacts. According to Investigating Agency he is accused of criminal conspiracy, forgery defined under the provisions of Indian Penal Code and other sections of Foreign Contributions Regulations Act for allegedly diverting Rs 90.72 crore worth of foreign funds meant for ambulances and other articles received by his NGO from Europe's leading missile manufacturing company.