A Delhi court has allowed the confiscation of properties and assets belonging to fugitive economic offender Sanjay Bhandari in a money laundering case.
The Rouse Avenue Court has directed the confiscation of certain properties located in India, while reserving its decision on the remaining assets for July 18.
Bhandari was declared a fugitive economic offender by a Delhi court on July 5, enabling the agency to confiscate his properties across jurisdictions.
The Enforcement Directorate (ED) had moved an application stating that Bhandari owned multiple 'benami' properties in Noida, Gurugram, Delhi, the UK and Dubai, along with alleged bank accounts in his wife's name and jewellery purportedly acquired as proceeds of crime.
Bhandari is accused of routing large sums through overseas shell companies and investing in properties in the UAE and the UK between 2009 and 2016.
He has also been under investigation by the Central Bureau of Investigation (CBI) since 2019 in connection with alleged corruption in a ₹2,985-crore deal for procurement of 75 PC-7 trainer aircraft from Swiss manufacturer Pilatus Aircraft.
