Managing Director of Viva Group granted bail in Mumbai

Earlier this week, a special PMLA court in Mumbai granted bail to Mehul Thakur, the director of Viva Group in a money laundering case, on medical grounds. Mr Thakur was first granted temporary bail in March 2022 by Bombay High Court for six months on medical grounds which was then extended until January this year. Post this, Mr Thakur withdrew his plea from the Bombay High Court and sought bail on medical grounds from the special court.

After reviewing his medical records, Special judge M G Deshpande allowed his plea, observing that Mr Thakur’s medical sickness appeared to have worsened even after being released on temporary bail by the high court. He also observed that the arrangement of psychological counselling inside the jail premises offered to the applicant did not have any positive effect.

In light of the facts presented, the court believed it was best for Mr Thakur to seek treatment outside the jail facility, while in company of his family. Recommendations made by the psychiatrists suggested that denial of bail could worsen the patient’s condition causing permanent consequences.

In January 2021, The Enforcement Directorate (ED) arrested Mehul Thakur for allegedly diverting more than Rs 196 crore from Housing Development Infrastructure (HDIL) to Viva Group through a several shell companies. Mr Thakur was also accused of transferring two properties worth Rs 35 crores belonging to a company controlled by HDIL to Viva Group without any monetary consideration.

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Managing Director of Viva Group granted bail in Mumbai

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