Overview

• The court has reserved its order on whether to issue a formal notice to Vadra under the Prevention of Money Laundering Act.
• On July 16, the Enforcement Directorate provisionally attached 43 immovable properties worth about ₹37.64 crore linked to Vadra and his associated companies.
• A day later, the ED filed its prosecution complaint naming Vadra, Sky Light Hospitality, Satyanand Yajee and others over the Shikohpur land deal.
• The agency alleges that the 2008 sale deed falsely declared a ₹7.5 crore payment to evade stamp duty and that proceeds were layered before selling the land to DLF for ₹58 crore.
• The disputed transaction was cancelled in 2012 by IAS officer Ashok Khemka and later granted a clean chit by a 2013 government panel.