Enforcement Directorate had opposed Moin Quereshi's bail. (Representational)
A Delhi court on Tuesday granted bail to meat exporter Moin Akhtar Qureshi, who was arrested in a money laundering case.
Special Judge granted bail to Mr Qureshi on furnishing personal bond of Rs 2 lakh and a surety of like amount.
Mr Qureshi was arrested on August 25 by the Enforcement Directorate, which had registered a case against him in 2016 under the Prevention of Money Laundering Act for alleged illegal forex dealings and tax evasion.
The ED had opposed Mr Qureshi's bail plea.
According to the agency, Mr Qureshi was being investigated for allegedly remitting funds through hawala channels to Dubai, London, and a few other destinations in Europe.
The ED had said that during the course of investigation, certain facts had emerged that constituted omission and commission of certain acts on the part of certain public servants holding high offices in collusion with Mr Qureshi, whereby massive illegal money transactions were carried out.
The agency also said that the records collected from the Income Tax Department had revealed that Mr Qureshi took huge money from different persons for obtaining "undue favours from public servants" after exercising his personal influence.
Mr Qureshi has denied the charges.