The Delhi High Court grants bail to Raghav Magunta, son of YSR Congress Party leader, facing allegations in a money laundering case linked to an alleged excise scam.

The bench headed by Justice Dinesh Kumar Sharma granted bail to Raghav Magunta.

While granting the bail, ED submits that since the accused is cooperating during an investigation and assisting in tracing the Proceeds of Crime, which would have been otherwise difficult, he may be granted bail.

“In view of the statement made and the facts narrated herein above, the interim bail granted vide order dated 18.07.2023 for four weeks on medical grounds is made absolute,” said the court in an order dated August 10.

“Let the petitioner be released on regular bail furnishing a personal bond of Rs. 2,00,000 with two sureties of like amount to the satisfaction of the learned trial court ,” the court said.

While granting the Bail, the Court imposed certain conditions on Raghav Magunta, including that he shall surrender his passport, not leave the country without permission and cooperate with the probe.

Earlier, the Court has granted interim bail on 18th July, 2023.