SC orders release on bail of M3M directors in money laundering case, says ED action ‘vindictive’
M3M, in case pertaining to money laundering. A bench of justices A S Bopanna and Sanjay Kumar, which had reserved the verdict on September 11 after hearing submissions of lawyers, granted the relief to the directors of the realty firm.
The apex court ordered the bail of Basant Bansal, and Pankaj Bansal, who had moved the top court against the July 20 order of the Punjab and Haryana High Court which had dismissed their bail pleas, saying the case is quite serious in nature. The Supreme Court noted that Pankaj and Basant Bansal were summoned on 14 June for questioning in an alleged money laundering case and the duo were arrested in another case registered by the ED on the same day.
The Enforcement Directorate (ED) had arrested the Bansal duo in connection with the money laundering probe linked to the alleged bribery case. "Exciting news! Mint is now on WhatsApp Channels
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