Delhi HC grants bail to Lava’s former MD in money laundering case

The Delhi High Court on Wednesday granted bail to the former managing director of mobile phone company Lava International, Hari Om Rai, in connection to an ED money laundering case involving smartphone-maker Vivo, taking into account that the trial is not likely to be completed anytime in near future.

The court of Justice Manoj Ohri, while noting that Rai has been in custody since October 10, 2023, also recorded that of the seven accused arrested in the case, the arrest of three were declared illegal by the trial court on December 30, 2023 and another three have already been released on bail.