M3m Group News Today

Kenwood Mercantile and Goodfaith Builders are entities belonging to the M3M group and 430 acres of land in Gurugram and Faridabad belonging to these entities has been attached being the "proceeds of crime flowing through a maze of companies to the M3M group", it said.

The properties sprawling 430 acres, belonging to RS Infrastructure, Kenwood Mercantile, and Goodfaith Builders, are in the form of land, and farmhouses located in

PMLA (Prevention of Money Laundering Act) special judge Rajeev Goyal gave Bansal a blanket relief by directing the ED to give him at least a 7-day notice for arrest.

After hearing arguments from the defense counsel and senior prosecutors of the ED, special PMLA judge Rajeev Goyal fixed November 17 as the next date of hearing for orders on the bail application.

Money Laundering: The high court also made it clear that once the arrest itself is held to be illegal, all other subsequent actions would be of no consequence and would have to fail.

The apex court had allowed bail to the promoters of M3M Group on their plea that they had been called by the agency for questioning in a money laundering case related to Ireo real estate developers.

Soon after Panchkula additional district and sessions judge Praveen Kumar Lal took up the case, the defense counsel informed the court about instructions from his client to withdraw the application, which the court allowed.

Bansal and the Parmars are in the Ambala jail in two separate cases that the enforcement directorate had registered. Bansal was arrested in the 2021 money laundering case that involved Ireo realty group managing direcotr Lalit Goyal.

Money Laundering: Lalit Goyal, MD of Ireo Group was granted bail on October 13 but the 17-page order of special judge, PMLA court, Haryana thoroughly examined alleged violations related to his arrest by the enforcement directorate in the context of Supreme Court orders.

M3M Group: 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.