Delhi HC Denies Interim Bail to Arvind Dham in Bank Fraud Case
Dham was arrested by the Enforcement Directorate (ED) in July 2024 for his alleged involvement in a Rs 2,700 crore bank fraud case;
The Delhi High Court on Friday, 30 May 2025, refused to grant interim bail to Arvind Dham, the former Chairman of the Amtek Group, who was arrested by the Enforcement Directorate (ED) in July 2024 for his alleged involvement in an INR 2700 crore bank fraud case.
While taking note of the serious allegations against him, a bench led by Justice Ravinder Dudeja denied the relief to Dham.
However, the bench, in order to deal with the matter expeditiously, listed it for hearing on 15 July.
Appearing for Arvind Dham, Senior Advocate Vikas Pahwa argued before the court that Dham should be granted interim bail during the pendency of his plea. Pahwa added that Dham has been in custody for 11 months and is suffering from medical ailments.
On the other hand, ED, represented by special counsel Zoheb Hossain, opposed the submissions made. It is ED's case that the proceeds of crime run into several thousand crores.
The instant case dates back to December 2022, when IDBI Bank and Bank of Maharashtra had filed complaints against Amtek Group companies, which eventually led to the registration of FIRs by the CBI.
After that, the top court also asked the ED to probe possible money laundering under PMLA while dealing with a PIL that had alleged financial irregularities.
The ED then initiated the probe based on FIRs filed by the CBI in connection with the alleged Rs 20,000 crore bank fraud involving the Amtek Group.
Subsequently, raids were conducted at as many as 35 locations across Delhi, NCR, and Maharashtra, and in July 2024, Arvind Dham was taken into custody.
Case Title: Arvind Dham vs Enforcement Directorate