The Court convened at 2:25 AM, heard arguments, and issued the order at 6:10 AM.
An Enforcement Directorate (ED) application for a 14-day remand of an accused in a money laundering case was heard by a Delhi judge at her home on Friday, November 14, at 2:25 AM.
The defense attorney was still en route when Patiala House Courts Additional Sessions Judge (ASJ) Shefali Barnala Tandon took up the matter.
The accused Swaraj Singh Yadav was given permission by the court to contact his father and set up the lawyer's number. After then, he phoned the attorney, who arrived at the courtroom at 3:05 AM.
Following a 20-minute private meeting with Yadav and his attorney, the Court finally started hearing the case at 3:30 AM.
At 6:10 a.m., the Court granted ED's request and remanded Yadav to the agency's custody for 14 days after hearing the arguments. On November 28 at 2:00 PM, he will appear in court.
Yadav is the managing director of Ocean Seven Buildtech Pvt Ltd (OSBPL), a real estate company situated in Gurgaon. On November 13, at approximately 11:50 PM, he was taken into custody by the ED on suspicion of participating in a national money laundering scheme and misappropriating money obtained from homebuyers through the PM Awas Yojana (PMAY) program.
The ED claims that Yadav fraudulently canceled flat allotments made under PMAY and resold them at exorbitant cash-only prices without paying back the prior purchasers. According to the agency, he embezzled between ₹220 and ₹222 crore by using escrow accounts improperly and sending money through shell corporations.
Additionally, investigators assert that Yadav quickly sold off both his personal and business assets, possibly foreseeing legal issues.
This website is all about sharing knowledge and updating everything about Law.
