The Enforcement Directorate (ED) has arrested Basant Bansal and Pankaj Bansal, directors of Gurugram-based realty group M3M, in connection with a money laundering case related to the Anti Corruption Bureau (ACB) case against a former Justice of the Special Court, Panchkula. Have done. Official sources gave this information. Both the directors were taken into custody by the agency yesterday under the provisions of the Prevention of Money Laundering Act (PMLA). The money laundering case in which he has been arrested is related to the Haryana Anti-Corruption Bureau’s (ACB) FIR lodged in April against former special court judge Roop Kumar Bansal, his nephew and third director of M3M Group.

All the accused have denied any wrongdoing

The Haryana Anti-Corruption Bureau (ACB) had registered a case in April against Justice Sudhir Parmar, his nephew and Roop Kumar Bansal, another director of M3M Group. Parmar allegedly favored directors of M3M Group and another real estate group IREO in cases before ED and Central Bureau of Investigation (CBI). According to the ACB’s FIR, Justice was accused of favoritism in the ED and Central Bureau of Investigation (CBI) cases against the directors of M3M Group and another real estate group called IREO. The justice was later suspended by the Punjab and Haryana High Court. All the accused in the ACB case have denied any wrongdoing.

Raids against M3M Promoters and some others

The ED on June 1 conducted raids against M3M Promoters and some others in another money laundering case involving IREO Group and its promoter Lalit Goyal. Subsequently, the agency arrested Roop Kumar Bansal and two other directors Basant Bansal and Pankaj Bansal. In this case, interim protection from arrest was granted by the Delhi High Court till July 5. However, the ED has now arrested him in a money laundering case linked to the ACB.

Embezzlement of funds running into hundreds of crores

In a statement after the June 1 raid, the ED alleged that huge amounts of money worth hundreds of crores were siphoned off through the M3M Group in the case against the IREO Group. It alleged that the M3M group allegedly acquired approximately 405 from the IREO group through several shell companies in several layers. Received Rs. (with language input)

EDchandigarhPublished Date

Thu, Jun 15, 2023, 12: 45 PM IST