On June 14, 2023, the Directorate of Enforcement (ED) made an arrest of Basant Bansal and Pankaj Bansal, two key management figures for the M3M Group.
On the basis of the FIR filed by ACB in Panchkula, Haryana, ED opened an inquiry. According to the FIR, credible information was received alleging that Sudhir Parmer, who was serving as Special Judge for CBI and ED cases in Panchkula at the time, was prioritizing the defendants, Roop Kumar Bansal, his brother Basant Bansal, the owners of M3M, and Lalit Goyal, the owner of the IREO Group, in exchange for undue advantage granted by Sudhir Parmar in the criminal cases brought by ED under the PMLA and other cases of CBI pending against the above-accused persons in his court.
Furthermore, it was indicated that instances of gross misconduct, misuse of authority, and demand for or acceptance of unjustified advantage or bribe from the accused in cases now before his court had been seen, according to trustworthy evidence.
Before making the arrests, ED gathered damning evidence about the claims in the FIR, such as bank statements, a money trail, etc. Key management members of the M3M Group, Basant Bansal and Pankaj Bansal, were presented before the Panchkula PMLA Court. The Honourable Court has given ED custody of both individuals for a period of five days. Additional research is being done.
