Overview

• The Rouse Avenue Court will use the August 28 hearing to decide whether to take cognizance of the Enforcement Directorate’s prosecution complaint under the Prevention of Money Laundering Act
• The court has directed the Enforcement Directorate to supply copies of its July 17 money laundering charge sheet to all proposed accused persons ahead of the hearing
• The charge sheet alleges that Vadra’s Sky Light Hospitality fraudulently acquired 3.53 acres in Shikohpur for ₹7.5 crore in 2008 and sold it to DLF for ₹58 crore, generating proceeds of crime
• As part of the probe, the ED provisionally attached 43 immovable properties valued at ₹37.64 crore linked to Vadra and his associated entities
• Opposition parties have accused investigators of political motivation, while the ED maintains its case is based solely on documentary evidence and the financial trail