Rajasthan
SC dismisses Jaipur’s World Trade Park director’s SLP in laundering case | Jaipur News
JAIPUR: The Supreme Court set aside a special leave petition (SLP) filed by Anoop Bartaria, director of the city’s World Trade Park Ltd, challenging the high court order dismissing his petition to squash an enforcement directorate (ED) report in a money laundering case.
While dismissing the petition, the bench of justices Ajay Rastogi and Bela M Trivedi said, “There is enough material to show, prima facie, the involvement of the petitioners in the alleged offence of money laundering. As contemplated under the PMLA, the High Court had rightly dismissed the petitions filed by the petitioners.”
Anoop Bartaria is accused of laundering money in connivance with the Syndicate Bank scam accused Bharat Bomb.
‘Bartaria did not deposit any amount in escrow account’
Appearing for the ED, additional solicitor general (ASG) said, “The investigation found that Anoop Bartaria, his companies M/s World Trade Park Ltd, and M/s Sincere Infrastructure Private Ltd had received more than Rs 160 crores of defrauded funds from the accounts of fictitious firms/ companies created and operated by Bharat Bomb, namely M/s BK Builders, M/s Raj Darbar Material Trading Pvt Ltd, M/s Raj Darbar Material Trading LLP, Jai Hanuman Construction & M/s Omnia Entertainment and Hospitality, etc.”
He further pointed out that “Bartaria and his company had availed the loans for the project of World Trade Park from IDBI Bank/DHFL and UCO Bank, by mortgaging the units of the said project to the said banks.” In line with the terms of sanction, World Trade Park Ltd, had opened an escrowaccount with IDBI Bank, in which all sale proceeds were to be deposited. “However, Bartaria did not deposit any amount in the said escrow account and facilitated Bharat Bomb and his associates in parking the tainted money by opening the account in the Syndicate bank,” the court order said.
The high court had earlier dismissed Bartaria’s petition on February 21, 2019 to quash the enforcement case information report (ECIR) against him and imposed a cost of Rs 50,000.
While dismissing the petition, the bench of justices Ajay Rastogi and Bela M Trivedi said, “There is enough material to show, prima facie, the involvement of the petitioners in the alleged offence of money laundering. As contemplated under the PMLA, the High Court had rightly dismissed the petitions filed by the petitioners.”
Anoop Bartaria is accused of laundering money in connivance with the Syndicate Bank scam accused Bharat Bomb.
‘Bartaria did not deposit any amount in escrow account’
Appearing for the ED, additional solicitor general (ASG) said, “The investigation found that Anoop Bartaria, his companies M/s World Trade Park Ltd, and M/s Sincere Infrastructure Private Ltd had received more than Rs 160 crores of defrauded funds from the accounts of fictitious firms/ companies created and operated by Bharat Bomb, namely M/s BK Builders, M/s Raj Darbar Material Trading Pvt Ltd, M/s Raj Darbar Material Trading LLP, Jai Hanuman Construction & M/s Omnia Entertainment and Hospitality, etc.”
He further pointed out that “Bartaria and his company had availed the loans for the project of World Trade Park from IDBI Bank/DHFL and UCO Bank, by mortgaging the units of the said project to the said banks.” In line with the terms of sanction, World Trade Park Ltd, had opened an escrowaccount with IDBI Bank, in which all sale proceeds were to be deposited. “However, Bartaria did not deposit any amount in the said escrow account and facilitated Bharat Bomb and his associates in parking the tainted money by opening the account in the Syndicate bank,” the court order said.
The high court had earlier dismissed Bartaria’s petition on February 21, 2019 to quash the enforcement case information report (ECIR) against him and imposed a cost of Rs 50,000.
