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[BREAKING] Mumbai court rejects bail plea of Nawab Malik in money laundering case

Seeking dismissal of the application, ED stated that after several failed attempts of seeking reliefs, this petition has been filed on the same grounds.

The agency reiterated that Malik had connived with the D-gang members, Haseena Parkar, Salim Patel who were involved in the laundering of illegally usurped property or proceeds of crime as per Prevention of Money Laundering Act (PMLA).

They stated that Malik had not co-operated with the investigation despite the fact that the agency had statements of witnesses recorded which led to the conclusion that Malik was personally involved in the activity.

The complainant’s land has been illegally usurped and this makes it a proceeds of crime, which has been laundered and continues so, till date.

Malik played an active role and that is evident from the fact that he attended meetings to resolve the issue as to whether he or Haseena Parkar would control usurped property, the agency submitted.

Since proceeds of crime were being laundered after the enforcement of the PMLA, hence, it is not a retrospective application of the Act, the agency said.

Source: Barandbench

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