Stories
ED Opposes Nayan N Raheja's Anticipatory Bail Plea in Delhi High Court
N
News18•01-10-2026, 15:15
ED Opposes Nayan N Raheja's Anticipatory Bail Plea in Delhi High Court
- •The Delhi High Court heard arguments on former Raheja Developer Ltd. Director Nayan N Raheja's anticipatory bail plea in a money laundering case, with the ED opposing it.
- •The trial court had previously rejected Raheja's anticipatory bail plea on September 19, citing non-cooperation with the investigation.
- •The ED registered a case due to non-delivery of flats to home buyers within the agreed time, alleging misappropriation of funds by the company.
- •Raheja's counsel argued he was not involved in day-to-day management of Raheja Developers Ltd. during the relevant period and is willing to cooperate.
- •The ED contends that Raheja was involved in the affairs of the parent company or subsidiary companies where home buyer funds were diverted for non-construction purposes.
Key Questions Answered
The Delhi High Court heard arguments from the Enforcement Directorate on Nayan N Raheja's anticipatory bail plea in a money laundering case after the trial court rejected it on September 19.
The trial court dismissed his application due to his non-appearance before the investigating officer when summoned on multiple occasions and because the twin conditions under Section 45(1)(ii) of the PMLA were not satisfied.
The ED registered a case alleging that the company collected money from customers for residential and commercial projects but misappropriated the funds instead of completing construction, failing to deliver units within the agreed time.