Delhi HC dismisses Nayan Raheja's anticipatory bail in PMLA case

The Delhi High Court dismissed real estate businessman Nayan N Raheja's anticipatory bail plea in a money laundering case, citing his failure to meet PMLA's twin conditions and non-cooperation with ED despite nine summons. The ED alleged ₹1,601.63 crore was diverted from homebuyers' funds collected by Raheja Development Limited.