2024 (8) TMI 1664

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.... Das, Advocate And Mr. Saurav Kumar, Advocate ORDER Heard learned counsel appearing for the petitioner and learned counsel appearing for the Directorate of Enforcement. 2. The petitioner is seeking regular bail in connection with ECIR Case No. 05 of 2023 for the alleged offence registered under Section 3 punishable under Section 4 of Prevention of Money Laundering Act, 2002, pending in th....

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....gistered. He submits that the petitioner is in custody since 03.07.2023 and the petitioner is having no criminal antecedent and only allegation against the petitioner is made that the petitioner has sold the land as a power of attorney holder and the petitioner has not received any farthing in view of that the proceeds of crime so far the petitioner is concerned is not made out and in view of that....

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....as been rejected by this Court in B.A. No.10947 of 2023 by order dated 01.07.2024. 5. In view of above submission of learned counsel appearing for the parties, the Court has gone through the contents of the complaint wherein the paragraph No.3.5, it has been revealed that Rajesh Rai in connivance with Bharat Prasad, who is the petitioner, Md. Saddam Hussain, Afshar Ali, Imtiaz Ahmed and others ....

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....the deed between Imtiaz Ahmed and Bharat Prasad, who is the petitioner and Punit Bhargava is shown as Rs.1,78,55,800/- but only an amount of Rs.25 lacs have been paid from the Bank of Baroda account of Shiva Fabcons, one of the proprietorship firms of Punit Bhargava. In paragraph No.3.9, the details of forged deed have been disclosed and further the modus operandi is disclosed in paragraph No.9.1 ....