Supreme Court to hear Amtek Promoter’s bail plea

New Delhi

The Supreme Court will hear a petition on Monday (today) filed by Amtek Group promoter Arvind Dham, seeking interim bail in a major money laundering case linked to bank fraud worth Rs 27,000 crore.

A bench of Justices Sandeep Mehta and Prasanna B. Varale is scheduled to take up the matter on June 16, according to the court's cause list.

Earlier, the Delhi High Court had denied Dham’s interim bail request. His counsel argued that Dham has been in custody for 11 months and that his regular bail plea, filed in February 2025, is still pending.

The Enforcement Directorate (ED), however, opposed the request, stating there was no delay on their part and no justification for granting interim bail. The agency referred to a Supreme Court ruling from April 7 that had already denied bail on medical grounds.

Justice Ravinder Dudeja of the Delhi HC noted that delays occurred due to roster changes and lengthy hearings on bail pleas. He refused interim bail but moved the next hearing of the regular bail application to July 15.

The ED’s probe began following a Supreme Court order in February 2024 in response to a PIL over alleged fraud by the Amtek Auto Group. The ED is investigating diversion of public funds, even though some accounts were settled by banks.

The CBI also filed multiple FIRs on complaints from IDBI Bank and the Bank of Maharashtra. The ED has attached assets worth Rs 557.49 crore and found manipulated financial records used to secure fake loans and create bogus assets.

Dham was arrested in September 2024 after ED searches at over 40 locations.