Mumbai court quashes attachment of NCP leader Praful Patel’s properties in money-laundering case
In 2022, the Enforcement Directorate had attached seven flats owned by Patel, his wife and their company Millennium Developers in the city’s upscale Worli area.
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A court in Mumbai quashed the attachment of seven flats worth over Rs 180 crore, owned by Nationalist Congress Party leader Praful Patel, in a money-laundering case, reported The Times of India on Thursday.
The order was passed on Monday by a Smugglers and Foreign Exchange Manipulators Act appellate tribunal.
The Enforcement Directorate had attached the flats, owned by Patel, his wife and their company Millennium Developers, in 2022. The properties are located at Ceejay House in Mumbai’s upscale Worli area.
The central agency alleged that the Patels had illegally acquired the properties from Hazra Memon, wife of the late drug dealer Iqbal Mirchi. It said that the properties were attached after Memon and her two sons were declared fugitive economic offenders.
On Monday, the appellate tribunal held that the central agency’s action was illegal and that the properties were not involved in money laundering or linked to Mirchi, reported The Times of India.
The tribunal also said that all properties belonging to Memon and her sons in Ceejay House had been attached separately and that a “double attachment” of the Patels’ properties was not required since they were not part of the proceeds of crime.
The court order comes 11 months after Patel, along with several other senior leaders of the Nationalist Congress Party faction...
