Bail granted to Sanjay & Pravin Raut on satisfying twin condition u/s 45(1)(i)(ii) of PLML Act

Pravin Madhukar Raut Vs Directorate of Enforcement (Special Court Under P.M.L) Special Court under the Prevention of Money Laundering Act, 2002 held that both the accused i.e. Sanjay Raut and Pravin Raut has been arrested illegally as both the accused have satisfied twin conditions under section 45(1)(i)(ii) of the Prevention of Money Laundering Act. Facts- Gist of contention of ED is that GACPL illegally sold the FSI to third party Developers and raised Rs1039.79 Crore/Rs.1048.96 Crore. Out of this amount Rs.147.17 Crore has been paid to Municipal Corporation, Greater Mumbai. GACPL through HD...