Robert Vadra gets bail in Shikohpur land money laundering case
Synopsis
Key Takeaways
Businessman Robert Vadra was granted bail by the Rouse Avenue Court in New Delhi on Saturday, 16 May in a money laundering case stemming from a 2008 land deal in Shikohpur village, Gurugram. The court directed Vadra to furnish a bail bond of ₹50,000 along with one surety of the same amount. The matter has been listed for further hearing on 10 July.
Background of the Case
Vadra appeared before the court in compliance with summons issued after the Rouse Avenue Court took cognisance of a prosecution complaint filed by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act (PMLA). The case centres on alleged irregularities involving 3.53 acres of land in Shikohpur village, Haryana.
According to the ED, Vadra's company, Skylight Hospitality Private Limited, acquired the land in February 2008 for ₹7.50 crore from Omkareshwar Properties Private Limited. The agency has alleged that no actual payment was made and that the sale deed contained false declarations, including a reference to a cheque that was reportedly neither issued nor encashed.
What the ED Has Alleged
The ED has further alleged that the land was undervalued, leading to evasion of stamp duty, and that the proceeds of crime were subsequently routed through multiple entities purportedly controlled by Vadra. In its complaint, the federal anti-money laundering agency has identified ₹58 crore as proceeds of crime and has provisionally attached 43 immovable properties worth ₹38.69 crore linked to Vadra and his associated entities.
Vadra is the husband of Congress MP Priyanka Gandhi Vadra and son-in-law of former Congress President Sonia Gandhi — a connection that has kept the case under sustained political scrutiny since the ED first moved against him.
Earlier Developments
On 15 April, the Rouse Avenue Court had issued summons to Vadra and eight others after taking cognisance of the ED's complaint, directing them to appear before it. Vadra subsequently sought immediate relief from the Delhi High Court by challenging the trial court's cognisance order, but was unable to secure a stay.
During the Delhi High Court hearing, senior advocate Abhishek Manu Singhvi, appearing for Vadra, argued that certain offences invoked in the predicate case were added to the PMLA schedule after the alleged commission of the offence. ED counsel Zoheb Hossain opposed the plea, contending that Vadra had made false statements in his petition and urging the court to dismiss it with costs. The Delhi High Court adjourned the matter for further hearing on 18 May.
What Happens Next
With bail secured, Vadra is required to comply with the conditions set by the Rouse Avenue Court. The trial court proceedings are next scheduled for 10 July, while the parallel challenge before the Delhi High Court resumes on 18 May. The case is being closely watched given its political dimensions and the scale of the ED's provisional attachment orders.