Delhi High Court Grants Bail to SDPI's M K Faizy in Money Laundering Case

The Delhi High Court made a significant ruling on Monday by granting bail to M K Faizy, the national president of the Social Democratic Party of India (SDPI), in a case concerning alleged money laundering tied to the now-banned Popular Front of India (PFI).

Justice Neena Bansal Krishna, who delivered the decision, has yet to issue a detailed order on the matter. The SDPI, headquartered in Delhi, was marked by the Enforcement Directorate as the political extension of the PFI, an organization banned by the Union government in September 2022 under charges of being an 'unlawful association'.

The ED accused the PFI of transferring funds to SDPI and arrested Faizy last March at Delhi's IGI Airport, invoking the Prevention of Money Laundering Act. Despite a trial court's previous refusal to grant bail, the Delhi High Court's decision marks a pivotal development in the ongoing investigations involving multiple agencies, including the ED and the NIA.