Overview
- Special Judge S R Navander rejected M/s Malik Infrastructure’s discharge plea, citing sufficient material to proceed under Section 3 read with Section 70 of the PMLA, punishable under Section 4.
- The order states Nawab Malik acted in connivance with D-Company members Haseena Parkar and Salim Patel, with accused Sardar Khan, to launder an illegally usurped Kurla property known as Goawala Compound.
- The court noted a July 23, 1999 power of attorney was forged, recording owner Munira S Plumber’s statement that later documents were not genuine and that no consideration was received.
- All accused, including Malik, Solidus Investments, Malik Infrastructure and Sardar Khan, have been directed to appear on November 18 for framing of charges; Malik remains out on bail.
- The case arises from the NIA’s February 2022 FIR on D-Company’s financial network, and the disputed property remains attached under Section 5(1) of the PMLA.