ED had arrested Malik on allegations that he had allegedly purchased a property from underworld don Dawood Ibrahim for an amount of ₹20 lakh (through a company controlled by him – Solidus Investments Pvt. Ltd.) which was lower than the market value (₹3.54 crore as per ready reckoner rate).
Malik was allegedly picked up from his residence at 7 am on February 23 for interrogation after he was made to sign the summons issued to him by ED.
After interrogation for over 8 hours, Malik was arrested and produced before Special PMLA Judge who remanded him to 8-day ED custody which was extended for 4 days, and eventually Malik has been remanded to judicial custody till March 21, 2022.
In his plea filed through Rashmikant & Partners, Malik assailed the ECIR, the arrest and the remand terming it illegal.
He stated that such illegal acts rendered his continued detention illegal and without jurisdiction entitling him to a writ of habeas corpus and immediate release.
He also sought setting aside of the order of the special PMLA judge dated February 23 by which he was remanded to ED custody for 8 days.
Source: Barandbench
