Additional Sessions Judge Sidharth Sharma asked the ED to file a reply by November 29.
Dhawan, who is in judicial custody till December 6, was arrested on November 1 from his south Delhi residence under the Prevention of Money Laundering Act in a case of fraud of over Rs 5,000 crore allegedly committed by the Sandesara Group.
The ED alleged that he was involved in diverting the amount to purchase properties and to other shell companies.
According to ED officials, Dhawan allegedly aided bank loan frauds related to Vadodara-based Sterling Biotech company.
The ED action followed after the Central Bureau of Investigation registered a case against Sterling Biotech, its Directors Chetan Jayantilal Sandesara, Dipti Chetan Sandesara, Rajbhushan Omprakash Dixit, Nitin Jayantilal Sandesara, and Vilas Joshi and several others in connection with the fraud case.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.
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