Skip to main content

High Court denies interim relief to Nawab Malik in money laundering case

The Bombay High Court on Tuesday denied any interim relief to Maharashtra cabinet minister and NCP leader Nawab Malik in a money laundering case.

The Bombay High Court on Tuesday denied any interim relief to Maharashtra cabinet minister and NCP leader Nawab Malik in a money laundering case, and refused to pass an order for his release from judicial custody.

Malik was arrested by the Enforcement Directorate (ED) on February 23 this year under the Prevention of Money Laundering Act (PMLA) over a property deal allegedly linked to the aides of fugitive gangster Dawood Ibrahim.

He is currently in judicial custody.

The minority affairs minister had challenged his arrest and as an interim prayer, sought that he be released from custody immediately.

However, a bench of Justices PB Varale and SM Modak on Tuesday denied any such interim relief to Malik.

The bench said the minister's petition had raised some debatable issues and the court needed to hear at length the arguments from both sides before passing any final orders.

"As certain debatable issues are raised, they require to be heard at length. We are not inclined to allow prayers in the interim application," the HC said.

Following his arrest, Malik had filed a habeas corpus plea through senior advocate Amit Desai, claiming that his arrest by the ED and the consequent remands were illegal.

He had sought that his arrest in the case be quashed and set aside and in the interim, he be released from custody immediately.

The ED has accused Malik of being part of an alleged criminal conspiracy to usurp a property in Kurla area of Mumbai that currently has a market value of Rs 300 crore and belongs rightfully to one Munira Plumber.

Malik has contended that he had bought the property in a bonafide transaction three decades ago, and that Plumber has now changed her mind about the transaction.

Additional Solicitor General Anil Singha and Hiten Venegaonkar, both ED's counsels, had argued that Malik was arrested following due process under the law.

They said the central agency had adequate evidence and eyewitness accounts to prove that Malik had conspired to purchase the property illegally.

The ED had also contended that a habeas corpus plea in the present case was not maintainable and Malik should seek bail instead.
Labels:

Comments

Post a Comment

Popular posts from this blog

Netflix executive gets 2.5 years in prison

 A former Netflix executive was sentenced Tuesday to 2 and 1/2 years in federal prison for taking bribes and kickbacks from tech companies to approve lucrative contracts with the streaming giant. A former Netflix executive was sentenced Tuesday to 2 1/2 years in federal prison for taking bribes and kickbacks from tech companies to approve lucrative contracts with the streaming giant. Michael Kail, 52, of Los Gatos also was ordered to forfeit $700,000 and pay a $50,000 fine, the U.S. attorney's office said in a statement. Bribery and kickbacks are pernicious crimes that stifle Silicon Valley's culture of competitive innovation, acting U.S. Attorney Stephanie M. Hinds said in the statement. Kail is a former Netflix vice president who oversaw the company's internet technology department. Prosecutors alleged that Kail accepted more than $500,000 in kickbacks as well as valuable stock options in exchange for approving millions of dollars in contracts for nin
Post a Comment
Read more

What is Minimum Support Price, or MSP?

After the Centre made a U-turn on agriculture laws, farmers hailed the government's decision to look into their demand to legalize Minimum Support Price or MSP. But what exactly is MSP?  Let's understand Minimum Support Price or MSP was introduced first by the Center in 1966-67. This was after India faced a major deficit in cereal production at the time of Independence. The less production was not able to meet the population's high demand. Consequently, in the wake of battling for more than 10 years, the public authority of India at long last chose to go for broad agrarian changes. As an initial move towards this rural transformation, the Minimum Support Price or MSP was presented. The Minimum Support Price or MSP is a wellbeing net for the ranchers as it runs after shielding them from the vulnerabilities of the market and of the regular kind. The presentation of the Minimum Support Price or MSP was a progressive advance for the rural business of India, which changed the c
Post a Comment
Read more

Russia Vs Ukraine : Comparision of Military strength

Russia has mobilized a massive combat force – equipped with tanks, artillery, rockets etc, near its border with Ukraine. How do the two countries stack up on military capabilities?  In the wake of Russia’s troop build-up along the Ukraine border, here’s a comparison of Ukraine and Russia’s military strengths in 2022. Military expenditures
Post a Comment
Read more