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).

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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.