Delhi High Court Denies Bail to Zeeshan Haider and Daud Nasir
Involvement in Rs 36 Crore Property Case
The Delhi High Court has dismissed the bail applications of Zeeshan Haider and Daud Nasir, who are accused in a Rs 36 crore property case related to the Delhi Waqf Board Money laundering case. The court believes that the cash paid by Haider and Nasir may be the proceeds of crime generated by AAP MLA Amanatullah Khan.
Justice Swarana Kanta Sharma’s Decision
Justice Swarana Kanta Sharma dismissed the bail applications after considering the facts and circumstances of the case. The applications were made under section 45 of the Prevention of Money Laundering Act (PMLA). Justice Sharma stated that the evidence presented was sufficient to deny bail to both applicants.
Details of the Case
The transactions related to the property were both in cash and through banking channels, totaling approximately Rs 36 crores. A diary seized by the investigating agency revealed that Rs 27 crores were paid in cash. Additionally, a sale agreement showed the sale consideration as Rs 36 crores, while another false agreement showed Rs 13.40 crores to mislead investigators.
The bank statements of the sellers corroborated the genuine sale agreement of Rs 36 crores, while the Rs 13.40 crores agreement was deemed false. The court noted that the cash amounts paid by Haider and Nasir might be proceeds of crime generated by Amanatullah Khan.
Criminal Conspiracy
The Directorate of Enforcement’s investigation revealed that Amanatullah Khan conspired with Haider, Nasir, and others to invest ill-gotten money in immovable properties. These properties were purchased in the names of Haider and Nasir, concealing their actual value and the cash paid to the seller.
Conduct of the Accused
The court also questioned Daud Nasir’s conduct while obtaining interim bail for a major surgery, suggesting he misled the court. The Enforcement Directorate argued that Zeeshan Haider’s actions demonstrated his assistance to Amanatullah Khan in concealing the proceeds of crime.
