ED Opposes Supertech Chairman's Bail Amid Laundering Case


In a recent development, Supertech's chairman finds himself entangled in a high-stakes money laundering case, drawing the attention of the Enforcement Directorate (ED).

The ED's strong opposition to the interim bail plea is rooted in the belief that any relief granted at this stage might impede the meticulous investigation into the intricate financial dealings that form the core of the allegations.

The real estate sector is closely monitoring this case, as it unfolds with revelations of complex financial transactions and potential repercussions for the industry.

As Supertech's chairman navigates legal challenges, the ED remains steadfast in its commitment to unraveling the layers of financial impropriety, underscoring the gravity of the situation and its broader implications for the real estate landscape.

Related Stories

Court grants interim bail to RNA Developer's MD in PMLA case

Enforcement Directorate arrested Hans and former Jhanjharpur MLA Gulab Yadav.

ED arrests two in PMLA case over illegal sand mining in Himachal, UP

Six FIRs, registered by different police stations in the Kangra and Una districts of Himachal Pradesh, were reviewed.

Punjab-Haryana HC slams ED over IREO money laundering investigation

The court directed the ED's director to address the lapses in the probe.