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file photoNew Delhi: Judge Justice of the Supreme Court KV Viswanathan on Monday recused himself from hearing other petitions, including those filed by Enforcement Directorate (ED), in connection with a money laundering case involving real estate firm IREO.
ED moves apex court against Delhi High Court’s June 9 order m3m group owners Basant Bansal And Pankaj Bansal Interim protection from arrest till July 5 in connection with the matter.
The petitions came up for hearing before a vacation bench of Justice AS Oka and Justice KV Vishwanathan.
Justice Vishwanathan, who was a senior advocate before being elevated as an apex court judge last month, said he had earlier appeared in a related matter as a lawyer.
The bench said that the petitions be listed before the appropriate bench next week.
Separate petitions challenging the High Court’s June 16 order refusing to interfere with the arrest of Basant and Pankaj Bansal in a money laundering probe related to an alleged bribery case against a former judge and others was also listed for hearing. Supreme Court.
Basant and Pankaj Bansal, directors of Gurugram-based realty group M3M, were earlier arrested by the ED in connection with the money laundering probe related to the alleged bribery case.
The money laundering case in which Basant and Pankaj Bansal have been arrested follows the Anti-Corruption Bureau (ACB) probe of the Haryana Police in April against former special judge for ED and Central Bureau of Investigation (CBI) cases, who was posted in Panchkula. related to the FIR. Roop Kumar Bansal, his nephew and the third M3M Group director.
The high court’s June 9 orders came on the separate anticipatory bail pleas of Basant and Pankaj Bansal in the case being probed by the ED.
“In the event of any arrest of the applicant, he shall be released on bail on furnishing of a personal bond of Rs.10,00,000 to the satisfaction of the investigating agency and two sureties of like amount, subject to the following conditions..”, High Court. had said.
It also noted that the “primary accused” and the promoter IREO Group He has already got regular bail in this case.
The High Court had given the ED time till July 5 to file the status report as well as other documents in response to the pre-arrest bail pleas.
The ED had opposed the anticipatory bail plea of the owners of M3M Group.
The agency had earlier arrested M3M director Roop Kumar Bansal in connection with the probe against IREO and M3M groups for allegedly “diverting, misappropriating and siphoning off investors’ and clients’ funds”.
On June 1, the ED had conducted raids against M3M Group and its directors as well as IREO in Delhi and Gurugram.
It later alleged in a press statement that the owners, controllers and promoters of M3M Group – Basant Bansal, Roop Kumar Bansal, Pankaj Bansal – and other key persons had deliberately evaded investigation during the raids.
The agency has alleged that “hundreds of crores of rupees were diverted through M3M Group” in this case.
The ED claimed that in one transaction, the M3M group received around Rs 400 crore from IREO through multiple shell companies in multiple layers.
The ED has been probing IREO for the past few years on charges of siphoning off, misappropriation and misappropriation of investors’ and customers’ funds.
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