HC Refuses To Direct Nawab Malik’s Release In Money Laundering Case

Mumbai: Bombay HC has refused to direct Nawab Malik’s release in the alleged money laundering case. In its order, a division bench of Justices PB Varale and SM Modak noted:

“As certain debatable issues are raised, they require to be heard at length. Considering the grounds assigned by us we are not inclined to allow the prayers in the interim application. Applications rejected.”

The leader was arrested by the Enforcement Directorate (ED) on February 23.

After spending more than two weeks in jail, Malik had on March 9 requested the Bombay High Court to release him from custody.

Malik’s lawyer Amit Desai told the court on his behalf, “Police officers cannot defame any disliked face on fictitious grounds under the cloud of their involvement in the crime of organized crime. This is my submission.”

He also said that Malik had bought ownership of the property being probed by the ED 20 years ago.

Desai said Malik is now aggrieved as the original owner of the property, Munira the plumber, had changed his mind with regard to granting power of attorney for sale of the property, PTI reported.

Malik was arrested in a land deal in which he had bought a property from an associate of Dawood Ibrahim at a price below the prevailing market rate.

In the special PMLA (Prevention of Money Laundering Act) court where Malik was produced earlier, the ED said that it was investigating a land deal wherein Malik purchased a Rs 3.3 crore property for Rs 50 lakh from Salim Patel, a frontman of Ibrahim’s late sister Haseena Parkar.

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