Today(on 16th April), Delhi HC requests ED’s response on Daud Nasir’s interim bail plea in Waqf Board money laundering case. Nasir seeks release due to wife’s urgent surgery needs after an accident.
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NEW DELHI: Today(on 16th April), The Delhi High Court has requested a response from the Enforcement Directorate (ED) regarding the interim bail plea of Daud Nasir, who is an accused in the Delhi Waqf Board money laundering case. Nasir has sought interim bail on compassionate grounds due to his wife’s urgent need for surgery following an accident.
Justice Swarana Kanta Sharma has ordered the Enforcement Directorate (ED) to submit a response regarding the interim bail application in a case involving the alleged acquisition of a property in Okhla for Rs. 36 crore, with a substantial portion of Rs. 27 crore paid in cash. The funds used for this transaction are suspected to be unlawfully obtained.
The case has been scheduled for further hearing in May. Furthermore, Nasir’s regular bail request is set for May 16.
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Justice Swarana Kanta Sharma has ordered the Enforcement Directorate (ED) to submit a response regarding the interim bail application in a case involving the alleged acquisition of a property in Okhla for Rs. 36 crore, with a substantial portion of Rs. 27 crore paid in cash. The funds used for this transaction are suspected to be unlawfully obtained. The case has been scheduled for further hearing in May. Furthermore, Nasir’s regular bail request is set for May 16.
During the proceedings, Nasir was represented by Senior advocate Ramesh Gupta, who informed the court about his wife’s accident resulting in a spinal injury. Surgery has been recommended and is set for April 23. Special counsel Zoheb Hossain and Special Public Prosecutor (SPP) Manish Jain attended via video conferencing, with Hossain indicating the intention to file a response.
Nasir is one of the accused in the Delhi Waqf Board Money Laundering case. His previous bail application was dismissed by the trial court on February 22, 2024. The trial court’s decision was based on the ED’s allegations against Nasir, which stated that in his statement under Section 50 of the Act, he mentioned the purchase of properties in Tikona Park, Jamia Nagar, Delhi, amounting to Rs. 13.40 crore.
However, when confronted with the transactions recorded in the white diary, he provided evasive replies. Furthermore, when confronted with the sale agreement related to the property in question, which was extracted from the mobile phone of co-accused Zeeshan Haider, Nasir admitted that the signatures on the certificate were indeed his, along with those of Zeeshan Haider and Ayesha Qamar.
The Special Public Prosecutor (SPP), representing the Enforcement Directorate (ED), argued that the accused individuals failed to provide a satisfactory explanation for the inconsistency between the sale consideration specified in the Agreement for Sale dated September 17, 2021 (Rs. 13.40 crore), and the sale consideration mentioned in the Advance Receipt cum Agreement to Sell and Purchase (Rs. 36 crore) for the same property measuring approximately 1200 sq. yds. located at Zaidi Villa, T.T.I. Road, Jamia Nagar, Okhla, New Delhi.
The court also noted the inability of the accused, Zeeshan Haider and Daud Nasir, to account for the source of funds utilized for the property payments or the substantial cash transactions associated with these properties.
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Furthermore, the court recognized that the investigation into the underlying offenses in FIR no. 05/2020, PS ACB, is ongoing, with the Enforcement Directorate (ED) having already submitted a charge sheet in the case.