Supreme Court Grants Bail to Arvind Dham in ₹27,000 Crore Amtek Group Money Laundering Case
January 6, 2026
On January 6, 2026, the Supreme Court granted bail to former Amtek Group chairperson Arvind Dham in a ₹27,000 crore money laundering case. The court set aside the Delhi High Court's August 19, 2025, order that had denied him bail. Justice Alok Aradhe, part of the Supreme Court Bench, announced the verdict, allowing Mr. Dham's appeal.
The Delhi High Court had refused bail citing risks to accountability and the serious nature of economic crimes. It noted, "With the advancement of technology and Artificial Intelligence, economic offences such as money laundering have emerged as a serious threat to the financial system of the country."
The High Court stressed the complex nature of the case, with many transactions and layered corporate structures that require a detailed investigation. It said, "Granting bail too liberally in such matters risks sending a counterproductive signal. Granting bail at this juncture would risk compromising both the trial and public confidence in the justice system. Continued custody is thus warranted."
Earlier, the Enforcement Directorate (ED) attached assets worth over ₹550 crore from Amtek Group firms under anti-money laundering laws. These include companies like Amtek Auto Limited and ARG Limited. Overall, properties worth ₹5,115.31 crore were attached in September 2024.
The ED started its probe in February 2024 and arrested Arvind Dham in July 2024. The investigation revealed the companies were pushed into insolvency, causing banks to lose over 80% in loans. The agency alleges manipulation of financial statements to secure fake loans and create false assets.
Attached assets include 145 acres of land in Rajasthan and Punjab, properties worth ₹342 crore in Delhi-NCR, and bank fixed deposits of ₹112.5 crore. All these are called "direct proceeds of crime" owned by Dham and connected entities, according to the ED.
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Tags:
Arvind Dham
Amtek Group
Money laundering
Bail
Bank fraud
Ed probe
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