Witness statements prove Nawab Malik’s participation in money laundering, according to the special court
While remanding Maharashtra Minister and NCP leader Nawab Malik in judicial custody under the Prevention of Money Laundering Act (PMLA), the special court stated that there are witness statements proving the accused’s participation in money laundering. The Competent Authority has failed to identify criminal proceeds under the PMLA. The study is in its early stages.
Nawab Malik was ordered kept in judicial custody till March 21 by a special Prevention of Money Laundering Act (PMLA) court on Monday. The order, issued by Special Judge Rahul Rokde on March 7, was made public on Wednesday.
As per the Judge, the accused must be remanded to judicial custody for 14 days based on the grounds listed in the remand report.
On February 23, he was detained by the Enforcement Directorate (ED) in connection with a money-laundering investigation. He was detained after a five-hour interrogation at the investigative agency’s office in south Mumbai.
Nawab Malik was detained in a money laundering case related to the actions of fugitive mobster Dawood Ibrahim and his associates.
The ED’s case is predicated on an FIR filed recently against Dawood Ibrahim and others by the National Investigation Agency (NIA). The NIA filed its criminal case in accordance with the strict Unlawful Activities Prevention Act.