https://www.ptinews.com/story/national/hc-denies-bail-to-promoter-of-cox-and-kings-in-money-laundering-case/1031045

MUMBAI: The Bombay High Court has refused bail to Ajay Ajit Kerkar, promoter of bankrupt travel firm Cox and Kings, in connection with a money laundering case being probed by the Enforcement Directorate (ED).

A single bench of Justice Prithviraj Chavan in its order of January 10 rejected Kerkar's bail plea noting that the right to be released on bail after undergoing detention for a period exceeding half of the minimum period of imprisonment was not an absolute right.

In his plea, Kerkar had said that he had been incarcerated for two years and 340 days which is almost three years, the minimum sentence he can be awarded under the provisions of the Prevention of Money Laundering Act.