PMLA Judge and Nephew Side with Accused, Alleges CBI

· Bansals of Realty Co M3M Arrested

The Enforcement Directorate on Thursday (15.06.2023) arrested Basant Bansal and Pankaj Bansal, promoters of the M3M realty group, in a case related to bribing a special CBI/ED judge. The promoters of M3M are also accused of laundering Rs 400 crore received from Ireo developers.

"ED initiated investigation on the basis of the FIR registered by Anti-Corruption Branch, Panchkula, Haryana. As per the FIR, reliable information was received that Sudhir Parmar (posted as special judge for CBI and ED cases in Panchkula at the material time) was showing favouritism to the accused persons namely Roop Kumar Bansal, his brother Basant Bansal, the owners of M3M, and Lalit Goyal, the owner of Ireo group in lieu of undue advantage extended by Sudhir Parmar in the criminal cases of ED under PMLA and other cases of CBI pending against the above accused persons in his court," the agency claimed soon after the arrest.

Interestingly, Basant Bansal and Pankaj Bansal had obtained interim protection from arrest till July 5 from Delhi High Court in connection with the ED's ongoing money laundering probe in the Ireo case in which their brother Roop Bansal was arrested last week.

The accused were produced before the designated PMLA court in Panchkula which granted five-day custody to the agency.