December 1st 2023.
The Bombay High Court on Friday reserved the order on the bail plea of businessman Sadanand Kadam, a close associate of Shiv Sena Member of Legislative Council Anil Parab in an alleged money laundering case related to Dapoli Resort. Justice MS Karnik said that he would be passing the order on December 4. Kadam was arrested in March this year under various provisions of the Prevention of Money Laundering Act. He approached the High Court after his bail plea was rejected by the special PMLA court.
The case was filed by the Directorate of Enforcement in relation to the construction of the Sai Resort in a 'No Development Zone'. Following the allegations, the Ministry of Environment and Forest & Climate Change filed a complaint with a Magistrate court in Dapoli. The Sessions Court at Khed had quashed the summons issued by the Magistrate to Parab.
Kadam’s counsels Amit Desai and Sudeep Pasbola contended that there is no predicate offence as the Magistrate did not take cognizance of the complaint. Pune-based businessman Vibhas Sathe claimed his signature had been forged in important documents. In his statement recorded by the ED, Sathe mentioned that he was pressured by a politician.
For the ED, Additional Solicitor General Devang Vyas contended that the case against Kadam was valid and pointed out that there are two predicate offences due to an FIR registered at Dapoli police station for cheating. However, Desai countered saying that unconnected causes of action are being dumped into ECIRs.
With the order reserved, the judgement of the Bombay High Court will decide the fate of the alleged money laundering case related to Dapoli Resort. It will determine if Sadanand Kadam, a close associate of Shiv Sena Member of Legislative Council Anil Parab, will receive bail or will remain in jail until the case is resolved.
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