Humayun Merchant sent to 14-days judicial custody

Image
ANI General News
Last Updated : Oct 24 2019 | 8:10 PM IST

A local court here sent Humayun Merchant, a close aide of late gangster Iqbal Mirchi, to 14-days judicial custody in a money laundering case.

The Enforcement Directorate (ED) has sought his judicial remand.

On October 22, he was sent to the custody of ED till October 24 by Special Prevention of Money Laundering Act (PMLA) court.

The investigating agency has identified the benami assets of Mirchi. The investigation has revealed that he has amassed various properties in India, the UAE and the UK from the proceeds of crime.

The ED had earlier questioned former Union Minister and senior NCP leader Praful Patel in alleged connection with the case.

Mirchi's associates -- Haroun Yousuf and Ranjit Singh Bindra - were also remanded to the ED custody on October 12 under the Prevention of Money Laundering Act.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 24 2019 | 7:56 PM IST

Next Story