CBI court cancels Gaba’s interim bail in PMLA case - ECAS Punjab

CBI court cancels Gaba’s interim bail in PMLA case

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Tribune News Service

Mohali, July 4

The CBI court today cancelled the interim bail granted to industrialist and former president of the Goraya municipal body Chunni Lal Gaba in a money laundering case.

The CBI court, which is also a designated Enforcement Directorate (ED) court, sent Gaba to judicial custody after he surrendered today. The bail was dismissed in the wake of Punjab and Haryana High Court order of July 2.

Bhola case link

The ED had chargesheeted nine members of Chunni Lal Gaba's family associated with his 11 firms in connection with the Bhola drug case for the alleged violation of the Prevention of Money Laundering Act

Gaba was granted interim bail on March 28, which was further extended on May 8. He had surrendered before the court in connection with the money laundering case in February this year. The ED had chargesheeted nine members of Gaba's family associated with his 11 firms in connection with the Bhola drug case for the alleged violation of the Prevention of Money Laundering Act.

The Gaba family had surrendered Rs 16.5 crore during income tax raids and the source of this money could never be traced. The family's property worth more than Rs 100 crore was confiscated by the ED.

As per documents available with the ED, the family owned more than 115 prime properties worth more than Rs 200 crore, including business establishments like a cold storage chain in Doaba, real estate business and ice manufacturing and pharmaceutical businesses in Una and Baddi in HP.



from The Tribune https://ift.tt/38s340J

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