Real Estate Firm Owners Get Pre-Arrest Bail In Money Laundering Case
NDTV
The Delhi High Court's orders came on separate anticipatory bail applications by Basant Bansal and Pankaj Bansal in the case.
The Delhi High Court has granted interim protection from arrest till July 5 to M3M Group owners Basant Bansal and Pankaj Bansal in a money laundering case linked to real estate firm IREO.
A vacation bench of Justice Chandra Dhari Singh said in the case of arrest, the owners of the Gurugram-based realty company would be granted bail, subject to certain conditions, on a personal bond of Rs 10 lakh each with two sureties of the like amount.
The court's orders came on separate anticipatory bail applications by Basant Bansal and Pankaj Bansal in the case being probed by the Enforcement Directorate (ED).
"In the event of any arrest of the applicant, he shall be released on bail on his furnishing a personal bond of Rs 10,00,000/- with two sureties of the like amount to the satisfaction of the Investigating Agency," the court said in its orders passed on June 9.