New Delhi | June 16, 2025 

In a significant development in the high-profile corporate fraud probe, the Supreme Court on Monday declined to entertain a fresh petition by Arvind Dham, promoter of the Amtek Group, seeking interim bail in a money laundering case. The court expressed disapproval over repeated filings after earlier denials and emphasized that no fresh grounds had been raised.

 

 

A vacation bench comprising Justice Sandeep Mehta and Justice P.B. Varale took a firm stance while hearing the plea. The bench pointed out that the application was a repetition of arguments already considered by both the Delhi High Court and a three-judge bench of the Supreme Court in prior proceedings.

 

“You cannot keep approaching benches during vacation after your pleas have already been rejected. This amounts to forum shopping,” Justice Mehta noted during the hearing.

 

Upon this observation, senior counsel appearing for Dham opted to withdraw the Special Leave Petition, avoiding a formal dismissal.

Enforcement Directorate Probe

 

The Enforcement Directorate (ED) has been investigating Dham for his alleged role in a massive corporate loan fraud pegged at over ₹2,700 crore involving Amtek Auto Ltd and its subsidiaries. The agency claims that the company misused credit facilities from multiple financial institutions and routed funds through a web of shell companies for illegitimate purposes.

 

In July 2024, Dham was taken into custody under the Prevention of Money Laundering Act (PMLA). Since then, several rounds of legal attempts for bail both on medical and legal grounds have been made.

 

Dham remains in judicial custody, and his regular bail application is expected to be heard by the Delhi High Court in July 2025.