mumbai bombay high court on wednesday suspended a look out circular loc against amar panghal accused of siphoning off funds from topsgrup and by an interim order allowed him to travel to the us between december 24 and january 22 2022as precondition for the suspension the hc bench of justices nitin jamdar and sarang kotwal directed him to submit a security rs 3 crore to the satisfaction of the economic offenses wing and furnish a surety from mumbai and to give his travel itinerary to the police as well as his wifes passport and travel details as she is traveling with himpanghals counsel akhilesh dubey said he was seeking quashing of the loc as the fir against him was a counterblast since he was the original complainant against the topsgrup dubey said the trip is to visit their son studying in a top university in the usj p yagnik additional public prosecutor on instructions from kumar bagate psi who was present in the court stated that panghal can be permitted to travel based on the same conditions as were imposed on exceo of topsgrup niraj bijlani when his loc was suspended earlier bijlani had traveled and returned and reported attendance in the court on december 22his petition says that since a complaint was filed by him and based on information provided by his colleague too about alleged money laundering on a huge scale the enforcement directorate ed filed a case and arrested amit chandole on the 26th of november 2020 under the offenses relating to money launderingpanghal said the ed after probing has alleged petitioners states that ed in their investigation alleged that political leader pratap sarnaik helped rahul nanda in getting contract with mmrda and chandole was alleged acting as a front between topsgrup and sarnaik and therefore ed carried out raids at the residence and offices of sarnaik