Haryana PMLA Court Stalls ED Action Against IREO-M3M Owners

Haryana : In a significant setback for the Enforcement Directorate (ED), the PMLA (Prevention of Money Laundering Act) court in Haryana has halted action against the owners of IREO and M3M Group. The case revolves around allegations of large-scale money laundering, where ED had accused the real estate promoters of financial misconduct involving crores of rupees.

This development follows the suspension of Judge Sudhir Parmar, who was allegedly found favoring the IREO and M3M Group owners in legal proceedings. His suspension had intensified the ED’s probe, leading to heightened scrutiny and demands for strict action against the accused business entities.

With the latest court ruling, the IREO and M3M Group owners have received temporary relief. However, ED remains firm on its stance, claiming it has substantial evidence against them and will continue pursuing legal proceedings. The agency is expected to challenge the order and explore further legal options.

This case has sparked major controversy in Haryana’s real estate and judicial circles. All eyes are now on the ED’s next move and the upcoming court hearings that will determine the fate of the investigation.