ReferIndia News Court Denies Bail in High-Profile Money Laundering Case

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Court Denies Bail in High-Profile Money Laundering Case

Published on: March 25, 2026, 8:23 a.m. | Source: Devdiscourse

A Mumbai court has denied bail to Pune businessman Amit Thepade in a Rs 117-crore money laundering case, citing the severe threat posed by economic offences to the nation's financial health. Thepade's arrest by the Enforcement Directorate was linked to fraudulent activities involving credit facilities from Canara Bank.

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