SC rejects bail plea of Maharashtra minister Nawab Malik in money laundering case
New Delhi Apr 22 PTI The Supreme Court on Friday refused to grant bail to Maharashtra cabinet minister and NCP leader Nawab Malik in a case of money laundering saying the probe is at a nascent stageA bench of Justices DY Chandrachud and Surya Kant said it will not interfere with the Bombay High Court order of March 15 but Malik can avail the remedy available under the law before the trial courtSenior advocate Kapil Sibal appearing for Malik said they arrested me in 2022 for something that happened in 1999He said there is no case under the Prevention of Money Laundering PMLA made out as there is no predicate offenceThe bench said the investigation it is at a very nascent stage and that it will not interfere with the high court orderOn March 15 the Bombay High Court had rejected Maliks interim application seeking immediate release in a case of money laundering saying just because the special PMLA courts order remanding him in custody is not in his favour it does not make that order illegal or wrongThe Enforcement Directorate had arrested Malik in February under provisions of the PMLA after which he had filed a habeas corpus plea in the high court claiming his arrest by the ED and the consequent remands were illegalThe HC had said Maliks counsel had argued before the PMLA court and vehemently opposed the EDs request for the ministers custodyYet the special court had remanded him to EDs custody and subsequently to judicial custody based on valid legal groundsThe high court had said that the minister still had the option to apply for bail in the case before the special courtIt had held that Malik was arrested by the ED in accordance with the law and subsequently been remanded to the probe agencys custody and then to judicial custody following due processTherefore there was no reason for the high court to pass any interim order directing Maliks release from custody it had saidMalik was arrested by the ED over a property deal allegedly linked to the aides of gangster Dawood IbrahimThe central agency has accused Malik of being part of an alleged criminal conspiracy to usurp a property in Mumbais Kurla area which currently has a market value of Rs 300 crore and belongs rightfully to one Munira PlumberMalik contended before the HC that he had bought the property in a bonafide transaction three decades ago and Plumber has now changed her mind about the transaction PTI MNL MNL DV DV
New Delhi Apr 22 PTI The Supreme Court on Friday refused to grant bail to Maharashtra cabinet minister and NCP leader Nawab Malik in a case of money laundering saying the probe is at a nascent stageA bench of Justices DY Chandrachud and Surya Kant said it will not interfere with the Bombay High Court order of March 15 but Malik can avail the remedy available under the law before the trial courtSenior advocate Kapil Sibal appearing for Malik said they arrested me in 2022 for something that happened in 1999He said there is no case under the Prevention of Money Laundering PMLA made out as there is no predicate offenceThe bench said the investigation it is at a very nascent stage and that it will not interfere with the high court orderOn March 15 the Bombay High Court had rejected Maliks interim application seeking immediate release in a case of money laundering saying just because the special PMLA courts order remanding him in custody is not in his favour it does not make that order illegal or wrongThe Enforcement Directorate had arrested Malik in February under provisions of the PMLA after which he had filed a habeas corpus plea in the high court claiming his arrest by the ED and the consequent remands were illegalThe HC had said Maliks counsel had argued before the PMLA court and vehemently opposed the EDs request for the ministers custodyYet the special court had remanded him to EDs custody and subsequently to judicial custody based on valid legal groundsThe high court had said that the minister still had the option to apply for bail in the case before the special courtIt had held that Malik was arrested by the ED in accordance with the law and subsequently been remanded to the probe agencys custody and then to judicial custody following due processTherefore there was no reason for the high court to pass any interim order directing Maliks release from custody it had saidMalik was arrested by the ED over a property deal allegedly linked to the aides of gangster Dawood IbrahimThe central agency has accused Malik of being part of an alleged criminal conspiracy to usurp a property in Mumbais Kurla area which currently has a market value of Rs 300 crore and belongs rightfully to one Munira PlumberMalik contended before the HC that he had bought the property in a bonafide transaction three decades ago and Plumber has now changed her mind about the transaction PTI MNL MNL DV DV
