The Supreme Court on Monday (June 16, 2025) refused to grant interim bail to former MTech Group President Arvind Dham in the alleged money laundering case related to bank fraud."Text-Align: justify;"> A bench of Justice Sandeep Mehta and Justice Prasanna B. Varale said that a three -judge bench headed by the then Chief Justice Sanjeev Khanna refused to bail Dham on April 7 and directed him to surrender in jail."Text-Align: justify;"> Senior Advocate Mukul Rohatgi, appearing for Arvind Dham, said that his client has been in jail for 11 months and his regular bail plea is pending in Delhi High Court since February 2025.
The bench said, ‘We are not affected by the petitioner’s tactics at all. Your SLP (special permission petition) was rejected by a three -judge bench of this court. Now you are trying to get relief again in the same case during the holidays, which has already been rejected. ‘
After this, Rohatgi withdrew the petition. Recently the Enforcement Directorate (ED) has temporarily attached new assets of more than Rs 550 crore of bankruptcy automotive equipment manufacturing company MTech Group under the Anti -Mining Act of Rs 2,700 crore."Text-Align: justify;"> ED said in a statement that action was taken against MTech Auto Limited, ARG Limited, ACIL Limited, Metallist Forgeing Limited, Castex Technologies Limited and MTech Group promoter Arvind Dham and some other. In September last year, the agency attached assets worth Rs 5,115.31 crore in this case.
ED launched its investigation on 27 February 2024 under the Money Prevention Act (PMLA) on instructions given by the Supreme Court. The ED arrested Dham in July last year and later filed a charge sheet against him in September.