A Delhi court on Monday dropped the Prevention of Money Laundering Act charges against a Maltese citizen accused in Moser Baer India bank fraud probe, saying that there is “no iota of legally admissible evidence against him to go for trial”. It alleged that Bhatnagar, a Maltese citizen, had “facilitated” opening of a bank account for a company called Pristine …
Bhatnagar, a former relationship manager of the Bank of Singapore, was taken into custody under the provisions of the PMLA on Tuesday. The money laundering case stems from a August, 2019 FIR of the CBI where it was alleged that the company Moser Baer India Ltd. and its promoters allegedly cheated and defrauded the loan taken from the Central Bank …
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