Prima facie Nawab Malik involved in financial malpractice, court observation

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Prima facie Nawab Malik involved in financial malpractice, court observation

Mumbai : At first glance, the evidence suggests that Nawab Malik, a prima facie NCP leader, was involved in money laundering in the Goa compound, despite all the information, the Special Court observed.

In a special court hearing on Friday, the Enforcement Directorate (ED) took cognizance of the chargesheet filed against Malik. In this case, the court allowed further action against Malik and Sardar Sahavali Khan, accused in the 1993 bomb blast case. Khan's name is also in the case.

Special Judge Rahul Rokade, while recording his opinion, said that the accused Malik, along with D-Company members Hasina Parkar, Salim Patel and Sardar Khan, had conspired to seize the property in the name of Munira Plumber. Malik had seized the land with the help of Dawood's late sister Hasina Parkar and other accomplices and could be prosecuted under the Anti-Money Laundering Act. Rokade also said that the proceeds from all these crimes were earned through illegal activities.

At first glance, it appears that the accused was involved in money laundering despite having direct and all information. That is why he is guilty of money laundering under the third section of the PMLA. He is liable to punishment under section 4.