HC allows accused to fly to Singapore
MUMBAI:THE Bombay HC allowed an accused in the Speak Asia Online fraud case to fly to Singapore for four weeks. Balvinder Singh Sarjeet Singh, son of prime accused Harender Kaur, was allowed to travel after furnishing a bank security of ₹4 crore.
The bench of justice PD Naik on Thursday noted that the only allegation against Balvinder was that two firms where he is the director – MMWG Pvt Ltd And La Marca Advisory Pvt Ltd – transferred ₹10 crore to the accused firm, Haren Ventures Pvt Ltd. The judge noted that neither Balvinder’s companies nor other directors were named as accused by the economic offences wing.
Balvinder, a Singaporean national, was apprehended at the Chennai airport on April 12 and brought to Mumbai. On June 4, he was granted bail by the session court on the condition that he would not leave India without prior permission. After Balvinder’s plea to travel to Singapore was rejected on October 12, he moved the high court.
Advocate Sujay Kantawala said Balvinder’s personal and professional life had been disrupted. Balvinder’s wife and son lost their job and school admission, he said. Kantawala ensured the court that Balvinder would return for the trial as per his oath under the Oaths and Declaration Act of Singapore.