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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.