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New Delhi: The Enforcement Directorate (ED) has arrested Basant Bansal and Pankaj BansalThe director of Gurugram-based realty group M3M has been arrested in a money laundering case linked to an anti-corruption bureau case against a former special court judge in Panchkula, official sources said on Thursday.
Both the directors were taken into custody by the agency on Wednesday under provisions of the Prevention of Money Laundering Act (PMLA).
The money laundering case in which he has been arrested pertains to an FIR registered in April by Haryana’s Anti-Corruption Bureau (ACB) against the former special court judge, his nephew and a third. M3M Group director Roop Kumar Bansal,
As per the ACB’s FIR, the judge was accused of favoritism in the ED and CBI cases against the directors of the M3M group and another real estate group called IREO.
The judge was later suspended by the Punjab and Haryana High Court.
All those accused in the ACB case have denied any wrongdoing.
The ED conducted raids on June 1 against M3M promoters and some others in another money laundering case. IREO Group and its promoter Lalit Goyal.
Subsequently, the agency arrested Roop Kumar Bansal and two other directors, Basant Bansal and Pankaj Bansal, in the case, having obtained interim protection from arrest till July 5 from the Delhi High Court.
However, the ED has now arrested him in a money laundering case involving the ACB.
The agency had issued a statement after the June 1 raid and alleged that “a huge amount of crores was siphoned off through the M3M group” in the case against the IREO group.
It had alleged that in one transaction, the M3M group received around Rs 400 crore from the IREO group through multiple shell companies with multiple layers.
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