New Delhi: Enforcement Directorate (ED) Thursday opposed the anticipatory bail plea of Nayan Raheja, son of the chairman of Raheja Developers, in a money laundering case linked to the alleged diversion of funds collected from homebuyers and delays in handing over flats.
Representing Raheja, senior advocate Vikas Pahwa argued that the real estate group had completed several major projects and had also constructed around 2,000 flats for economically weaker sections. He submitted that Raheja was willing to join the investigation. Last month, a trial court dismissed Raheja’s anticipatory bail plea, though it granted him protection from coercive action. The court noted that his non-appearance before investigating officers despite repeated summons weighed against granting relief. The special judge observed that the applicant appeared before ED only twice despite being summoned seven times by its Gurgaon Zonal Office. The court held that the fact that he was not named, or not charge-sheeted, in the FIRs forming part of the Enforcement Case Information Report (ECIR) did not automatically absolve him of liability under PMLA proceedings.