The court, in its December 27 judgment, noted that a sum of about ₹2.7 crore has already been returned to the complainant. It noted that the alleged transactions pertain to the period between 2008 and 2013, but, the scheduled offence FIR was registered only in 2016, and the Enforcement Case Information Report (ECIR) was recorded in 2025.
It also took into account the fact that Ms. Virk has been in judicial custody for over four months. The court further noted that Ms. Virk was neither charge-sheeted in the predicate offence nor summoned in the private complaint case.
The Enforcement Directorate (ED) alleged that Ms. Virk played a role in creating undue influence by misrepresenting herself and inducing various persons to part with money. The agency claimed that she used a fake e-commerce website, hyboocare.com, purportedly selling FDA-approved beauty products, as a conduit for laundering proceeds of crime. Upon verification, the products listed on the website were allegedly found to be fake, the agency said.
The ED further alleged that Ms. Virk, along with co-accused Amit Gupta alias Nageshwar Gupta, used the proceeds of crime to acquire immovable properties, including a flat in Mumbai. It was also alleged that part of the tainted money was used to fund Ms. Virk’s alleged luxurious lifestyle, travel expenses, and for the purchase of two additional properties in Delhi.
Ms. Virk was arrested in connection with the case on August 12, 2025. During the hearing, it was pointed out that the main accused, Gupta, has not been arrested so far and has been declared a proclaimed offender.
Published – December 30, 2025 01:05 am IST
