Business Standard
A Delhi court on Saturday remanded Al-Falah group chairman Jawad Ahmad Siddiqui in 14 days of judicial custody, in connection with a money laundering case linked to the "fraudulent" acquisition of a Rs 45 crore worth land in Delhi. Siddiqui was produced before Additional Sessions Judge Sheetal Chaudhary Pradhan on Saturday, at the conclusion of his ten-day ED custody granted on March 25. He has now been sent to judicial custody till April 17. On March 24, the ED arrested Siddiqui in his second case under the Prevention of Money Laundering Act (PMLA). Their probe found that "forged" documents were prepared and used for fraudulent acquisition of land, and Siddiqui, director and majority shareholder of Tarbia Education Foundation, connived with some individuals and orchestrated the fabrication. The disputed 1.14-acre land is located at 'Khasra No. 792' in Madanpur Khadar village of the national capital, and it is valued at Rs 45 crore, as per the ED. The agency said the consideration
Go to News Site