The Supreme Court today stayed a Delhi High Court order that granted bail to Kashmiri businessman Zahoor Ahmad Shah Watali in a case where he was accused of funding terror organisations.
The Delhi High Court on Thursday granted the businessman bail and observed that nothing has been shown to suggest that his trade was “geared toward funding of terrorist activities”. Watali was arrested by the NIA in a terror-funding case involving Lashkar-e-Taiba (LeT) chief Hafiz Muhammad Saeed among others.
A bench comprising Chief Justice Dipak Misra and Justices A M Khanwilkar and D Y Chandrachud considered the submissions of National Investigation Agency (NIA) that the release of Watali would cause grave harm to the ongoing probe in the terror-funding case.
The NIA was represented by Attorney General K K Venugopal and Additional Solicitor General Maninder Singh.
The bench has now fixed the plea of NIA filed against the Delhi High Court verdict for hearing on September 26 and asked the accused businessman to file his response in the meantime.
The court while granting bail to Watali had made some critical observations against the investigating agency.