Ranchi: Arvind Vyas, an accused in the money laundering case that also involves former Jharkhand chief minister Madhu Koda, was on Friday granted bail by the High Court.
The single bench of Justice R R Prasad granted the bail after Vyas contended that another co-accused B M K Punamia had been allowed bail by Supreme Court last month and both of them were accused in the same case.
Both Vyas and Punamia were arrested on August 7, 2010 and were sent to judicial custody by the court under Prevention of Money Laundering Act.
They were arrested ten months after Koda was held in connection with the money laundering case that was unearthed by the ED/Income Tax during their country wide raids on October 31, 2009.
The investigating agencies claimed that they had busted alleged illegal investments and money laundering to the tune of Rs 2,500 crore between 2006 and 2008.
Koda is also in judicial custody since November 30, 2009.


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