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14. 2026 (9) TMI 1285 – Bombay High Court
Khilji Mohsinahmed Mustakali, Sharifmiya Amirmiya Shaikh and Ritesh Kumar S. Shah v. Directorate of Enforcement & Anr
Date of Order: 17.09.2026
Considering the fact that the co-accused was released on bail and further considering the fact that there was prolonged pre-trial detention, voluminous charge sheet of about 7000 pages and the applicants were in custody for 18-20 months, the Applicants were entitled to be released on bail subject to strict conditions imposed by the Court
FACTS
As per the Enforcement Case Information Report (ECIR), the Applicants were involved in creation and operation of shell companies / entities and fictitious bank accounts. It was alleged that the Applicants used individuals by promising employment opportunities and obtained KYC documents, and used the same for incorporating shell companies, opening multiple bank accounts and facilitating transactions through the network of shell companies, which also included remittances to foreign companies and entities. The Enforcement Directorate registered an ECIR offence so as to investigate the role of Applicants in money laundering. The Applicant was arrested and
