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Time of India
6 days ago
- Business
- Time of India
Mumbai court accepts ED's closure report in money laundering case after EOW drops predicate offence
Mumbai: A special PMLA court on Monday accepted Enforcement Directorate's closure report, effectively closing the money laundering proceedings against several individuals, including city businessmen Mukesh Mehta and Jitendra Makda. The decision follows the closure of the predicate offence by Economic Offences Wing (EOW). The predicate or scheduled offence is one based on which ED registers its money laundering case. EOW booked a Ghatkopar builder after he allegedly, in connivance with two partners of a partnership firm, submitted bogus documents showing he purchased a huge plot in Oshiwara, Andheri, from the firm and availed of transfer of development rights (TDR) worth Rs 30 crore, which he sold in the open market. ED initiated its investigation based on a complaint filed by Bipin Makda. The original complaint, registered on Dec 12, 2019, at Amboli police station, alleged that his father and other partners of the firm Dalia Industrial Estate had their land sold without their consent. The complainant claimed that forged documents, including a deed of confirmation, deed of conveyance, and partnership firm admission-cum-retirement, were used to sell the property. The FIR was later transferred to EOW Mumbai. You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai During the probe, ED recorded statements from witnesses to ascertain the facts of the case. However, EOW later filed a closure report, which was accepted by the Chief Metropolitan Magistrate Court on March 28, 2022. The report was filed after the complainant stated that the complaint was a result of a misunderstanding and that no fraud was committed. He also confirmed that no forged documents were created and executed an MoU with the accused in Dec 2021. The court's order noted that since the predicate offence was closed, ED's application for closure of the case was valid. The assistant director for ED submitted that no offence of money laundering was identified during their probe.
Indian Express
6 days ago
- Business
- Indian Express
Court accepts ED closure report in cheating, forgery case
A special court accepted a closure report filed by the Enforcement Directorate (ED) in a case against a realtor who had been facing allegations of cheating and forgery to avail a transfer of development rights worth Rs 30 crore. The ED case filed against the realtor and two others was closed by the court, following the closure of the case filed on the same issue by the Economic Offences Wing (EOW). The EOW and ED has filed a case against Ghatkopar based realtor Mukesh Mehta and two others, Hirji Kenia and Jitendra Makda. The EOW, and later the ED, found that the case resulted out of a misunderstanding with the complainant, whose father was part of the same real estate firm as the accused. The agency also submitted to the court that a Memorandum of Understanding was signed by the parties in 2021 and said that no forgery had taken place. The court in its order on August 4 said that since the EOW has filed a closure report and the complainant too has given a no objection, the ED's plea for closing the case can be accepted. The allegations against the three accused – one of whom, Kenia, died pending trial – were that they were part of a real estate firm involved in construction work. In 1972, the firm had acquired a prime plot in Oshiwara area of Andheri in the name of one of the partners on behalf of the firm. The complaint alleged that the three accused had sold off the property without consent of the other remaining partners in the firm and also evaded stamp duty. The accused were also alleged of having sold the Floor Space Index of the property and cheated the others to the tune of Rs 30 crore. The ED had launched a probe under money laundering against the accused.
