Legal

MK Faizy Sent To Judicial Custody After ED Remand Ends In Money Laundering Case

The Enforcement Directorate (ED) remand for MK Faizy, president of the Social Democratic Party of India (SDPI), ended, and he was produced in Patiala House Court.

The court ordered Faizy’s transfer to judicial custody until March 18.

Faizy appeared before Duty Magistrate Kavita Bisht, where the ED’s lawyer informed the court that the interrogation had concluded and requested his transfer to judicial custody.

ED’s Remand And Investigation Into SDPI’s Activities

In the previous hearing, the court had granted a 3-day remand for Faizy at the request of the ED, which had initially demanded a five-day remand.

The ED has intensified its scrutiny of the Social Democratic Party of India (SDPI), which links to the banned Popular Front of India (PFI).

Also Read: Delhi High Court Seeks NIA’s Response On MP Abdul Rashid Sheikh’s Plea For Parliament Attendance

The Enforcement Directorate recently raided 12 locations associated with SDPI across multiple cities, including New Delhi, Lucknow, Chennai, Pakur (Jharkhand), Kerala, Trivandrum, Malappuram, Kolkata, and Nandyal in Andhra Pradesh.

Faizy’s Arrest And Evidence In Money Laundering Case

The ED arrested Faizy at Indira Gandhi International Airport and initially sent him to Patiala House Court for a six-day remand.

After his remand expired, the ED presented him in court again, seeking further custody.

The ED has arrested Faizy based on crucial evidence, including electronic records, gathered during the investigation into a money laundering case.

Financial Transactions And Allegations Against SDPI

According to the ED, the Social Democratic Party of India, considered to be the political wing of PFI, has received over Rs 11 crore in donations from an individual named Naqvi since 2018-19.

The Social Democratic Party of India (SDPI) formed in June 2009 as an unrecognized political party, and the Election Commission registered it in April 2010.

In 2022, the Indian government imposed a five-year ban on PFI and several affiliated organizations due to their alleged involvement in unlawful activities.

The ongoing legal proceedings and investigation highlight the ED’s continued efforts to clamp down on groups and individuals linked to terrorist financing and money laundering activities.

Gopal Krishna

Recent Posts

MyGov Launches Exciting Contests To Celebrate 11 Years Of Transformative Governance

Marking 11 years of transformative governance, citizen engagement platform MyGov has launched a series of…

23 mins ago

President Murmu And PM Modi Extend Eid Al-Adha Wishes, Call For Unity And Service

On Saturday, President Droupadi Murmu and PM Modi extended warm wishes to citizens on occasion…

1 hour ago

JD Vance Resignation Claim Is False; Confirms No Credible Source

Viral claims about US Vice President JD Vance resigning due to tensions between Donald Trump…

2 hours ago

Vikrant Massey Shares Adorable ‘Monkey Business’ Moment With Son In Naples

Actor Vikrant Massey, currently enjoying a family holiday in Naples, Italy, delighted fans by sharing…

2 hours ago

Trending: Eid Al-Adha 2025: The Festival Of Sacrifice Brings Communities Together

Eid al-Adha, also known as Bakri Eid or the festival of sacrifice, stands as one…

2 hours ago

Overcoming Procrastination: Strategies That Help

Discover practical strategies to overcome procrastination, improve focus, and build habits that drive consistent productivity.

3 hours ago