M3M Realty MD seeks anticipatory bail amid PMLA investigations

14 Nov 2023 CW Team

PNB Housing Finance, a housing finance company, has set the target of adding 60 more Roshni branches by the end of this financial year, thereby increasing the total number of affordable branches to 160.

The company recently inaugurated its 100th branch, which is also the first all-women Roshni branch, in Tambaram, Tamil Nadu. Currently, there are 14 Following his release on bail in the PMLA case associated with Ireo, Roop Bansal, the managing director and promoter of the realty group M3M, has taken steps to secure anticipatory bail in a case filed by the Anti-Corruption Bureau, which implicates former CBI judge Sudhir Parmar.

During a recent court session, special PMLA judge Rajeev Goyal, after considering arguments from the defence counsel and senior prosecutors of the ED, scheduled November 17 as the next hearing date to decide on the bail application. Despite this, the court denied any interim relief to Bansal, asserting that the ED's notice did not pose a threat of imminent arrest.

Earlier, the Enforcement Directorate (ED), conducting the investigation, had sought production warrants for Roop Bansal, who was detained in Ambala jail. However, these warrants became irrelevant as Bansal secured his release from jail after being granted bail by the Punjab and Haryana High Court.

Sources revealed that senior counsel representing Bansal requested interim relief, seeking to prevent his arrest until the next hearing. The defence argued that the ED was attempting to apprehend Bansal unjustly.

The defence counsel further highlighted that during Bansal's custody, the ED had filed an application seeking permission to record his statement under Section 50 of the PMLA at the Central Jail, Ambala. The court granted permission, and the ED proceeded to question Bansal with a set of 92 queries. The next hearing is scheduled for November 17.

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