Interim protection granted as no Scheduled Offences under PMLA implicated against applicant

Basant Bansal Vs State (Govt. of Nct of Delhi) & Ors. (Delhi High Court)

Delhi High Court held that interim protection granted as applicant is not named in ECIR and also the applicant is not implicated in any of the Scheduled Offences under Prevention of Money Laundering Act, 2002 (PMLA).

Facts- The Applicant has approached this Court seeking anticipatory bail since the Applicant apprehends his arrest in connection with ECIR No. F. No. GNZO/10/2021 dated 15th June 2021 registered by the Enforcement Directorate (‘ED’) under Section 3 and Section 4 of the Prevention of Money Laundering Act, 2002.

Notably, between the period of years 2018-2020, 13 FIRs were registered by certain allottees of two separate residential projects, ‘Skyon’ and Floors, plots and Villas, undertaken by the IREO Group, i.e., M/s IREO Pvt. Ltd. and M/s IREO FiveRiver Pvt. Ltd., respectively, on the ground of delay in handing over/delivery of possession of apartments/ commercial units. There were no specific allegations against the applicant, his family members, the M3M Group or any of its entity in the said FIRs.

On 1st June 2023, the Respondent along with other officials carried out raised on properties belonging to the M3M and its Group Companies.

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