New Delhi: A Delhi court has dismissed the money laundering case against industrialists Ratul Puri, Mozar Bear India Limited and 11 others, saying that the CBI registered corruption crime had already fallen.The money laundering case stems from alleged bank fraud worth Rs 1,101 crore, including Mozor Bare Solar Limited (Rs 747 crore) and Mozar Bair India Limited (Rs 354 crore), once the main manufacturer of CD and DVD. The CBI approved the loans approved by a union of banks on Puri and others, with the alleged consent of the bank officials who failed under the supervision of money.Special Judge (CBI) Sushant Changotra on Thursday ruled that no crime under Section 3 of the PMLA survived in the absence of the income of offense, which is a sign quo non -prosecuted under the law.“Accordingly, the current complaint has been dismissed. The proceedings of this complaint have been closed,” the judge said, but left the door open for future action, if a High Court overturns the discharge order on 24 May.Ed had said that the CBI discharge was not final until the challenge was challenged and the Supreme Court was reviewed in a separate case. But the court said that such arguments were already “dealt with exhaustion” by the Delhi High Court.Representing Puri, Advocate Vijay Aggarwal said that the laundering charge was not legally issued when the Bari crime was abolished. “Under Section 3 of the PMLA, the existence of crime is an essential condition to prosecute for a money laundering offense,” he said in court.
