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Mumbai: The Bombay High Court today dismissed a petition filed by scam-tainted Adarsh housing society seeking to defreeze two of its bank accounts, while observing that the money in the account could be part of 'benami' transactions.
The society had approached the high court after its plea for defreezing of the bank accounts was turned down by a special CBI court in September 2015.
The CBI had in January 2011 froze two bank accounts of the society after registering a case against 14 accused, including several members of the society.
According to the society, the amount - totalling Rs 1.47 crore - lying in the two accounts had nothing to do with the purported scam.
The society claimed that the two bank accounts were opened with the State Bank of India's Cuffe Parade and Wodehouse Road branches, to bear legal expenses and day-to-day expenditure of the society.
CBI counsel Hiten Venegaonkar opposed the petition and said the amount could be part of benami transactions and hence, be proceeds of crime. Justice Anil Menon today accepted the CBI's contention.
"There is no merit in the petition. The society has been allowed by the Supreme Court in the past to open a fresh account," Justice Menon said dismissing the petition.
The plush 31-storey building at Colaba in south Mumbai is embroiled in a controversy since 2011 with the Union Ministry of Environment and Forest ordering for its demolition for violating environmental norms and the Defence Ministry claiming ownership of the land where it is constructed.

The Bombay High Court on Wednesday dismissed a petition filed by scam-tainted Adarsh housing society seeking to defreeze two of its bank accounts, while observing that the money in the account could be part of 'benami' transactions

Bombay High Court dismisses Adarsh society's plea to defreeze bank accounts

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The Bombay High Court on Wednesday dismissed a petition filed by scam-tainted Adarsh housing society seeking to defreeze two of its bank accounts, while observing that the money in the account could be part of 'benami' transactions

Bombay High Court dismisses Adarsh society's plea to defreeze bank accounts

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Home / News / India News / Article / Bombay High Court dismisses Adarsh society's plea to defreeze bank accounts

Bombay High Court dismisses Adarsh society's plea to defreeze bank accounts

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