Advocate for Chatterjee submitted that he is innocent and has been falsely implicated in the case. He also submitted that no recovery has been made from the possession of the accused-petitioner and further detention of the accused will not serve any purpose.
It was also contended that the accused is an aged person and nothing was seized from him and he is also not named in the FIR.
Arguing for the ED, Additional Solicitor General (ASG) SV Raju informed the court that during the raids, a huge and an unprecedented cash amount of ₹27.90 crores, was seized from the premises owned by Mukherjee, the close associate of Chatterjee.
He also submitted that a company closely linked with the family members of Chatterjee is registered in the premises of Mukherjee.
The ASG further highlighted the fact that gold worth ₹4.31 crores was also seized from her house apart from gold in the form of bullion, heavy kangana (bangles) weighing 500 grams each, a gold pen and some jewellery and a number of other incriminating documents which indicated large scale money laundering by the accused persons.
Source: Barandbench
