Uttar Pradesh: Abbas Ansari’s bail plea rejected in money laundering case

The Lucknow bench of the Allahabad High Court rejected the bail plea of ​​Mau assembly seat MLA Abbas Ansari in a money laundering case. The Enforcement Directorate (ED) had registered a case against Abbas Ansari.

The court said in its order that prima facie the nexus of money transactions is proved and under the provisions of the Prevention of Money Laundering Act, the court is not satisfied that the accused is innocent in this case.

A single bench of Justice Jaspreet Singh passed this order rejecting Abbas’s application. It is alleged that a company named M/s Vikas Construction is directly involved in money laundering, which constructed warehouses by occupying the lands and earned more than Rs 15 crore by renting those warehouses to FCI.

The company is also accused of receiving subsidy of Rs 2.25 crore from NABARD. The majority stake in the construction company is owned by the accused’s mother Afshan Ansari and Vikas Construction is directly related to M/s Aagaaz, which is the company of the accused’s maternal grandfather.

Senior advocate Kapil Sibal, appearing for Abbas Ansari, argued that even if both the companies are involved in money laundering, the accused has no direct connection with it.

While opposing the bail, ED argued that money was coming into the accounts of Abbas Ansari from the accounts of the above two firms and he used this money for his personal expenses, which included traveling abroad and purchasing weapons for sport rifle shooting. Import included. The ED argued that the accused did not initially cooperate in the investigation until a lookout notice was issued against him.

Disclaimer: CricketInFocus has not edited this news. This news has been published from PTI-language feed.



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