Now Reading: Mohali court denies bail to Kansal brothers in GMADA case
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Mohali court denies bail to Kansal brothers in GMADA case
A Mohali court on Friday rejected bail pleas by Royale Estate Group promoters Parveen Kansal and Neeraj Kansal in a money-laundering case. Additional Sessions Judge Hardip Singh said the brothers had not…
The Story in Brief
A Mohali court on Friday rejected bail pleas by Royale Estate Group promoters Parveen Kansal and Neeraj Kansal in a money-laundering case. Additional Sessions Judge Hardip Singh said the brothers had not met the twin conditions under Section 45 of the Prevention of Money Laundering Act. The Enforcement Directorate arrested them on May 29.
The case follows an FIR over alleged non-payment of about Rs 33 crore in external development charges and other dues to the Greater Mohali Area Development Authority. The brothers called the dispute contractual and denied management roles in the companies. The court cited documentary material, alleged routing and siphoning of funds, possible evidence tampering or absconding, and pending forensic examination of electronic devices.
The Indian Opinion
The claim that this is merely a contractual dues dispute cannot, by itself, settle a money-laundering case. Nor does an arrest prove guilt. The court has accepted that the ED presented specific allegations, but the brothers’ claims about resignations and limited roles must be tested at trial. The practical test is whether the forensic examination and financial records establish a traceable link between the alleged Rs 33 crore dues and any proceeds of crime.
Source: hindustantimes.com
This story was synthesised by AI from the source linked above.
