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The special PMLA (Prevention of Money Laundering Act) court on Wednesday discharged Omkar Developers’ chairman Kamal Kishore Gupta and managing director Babulal Varma in a money-laundering case, registered by the Enforcement Directorate (ED), on the grounds that when there was no scheduled offence, continuation of the case would be nothing but a futile exercise
Nelito Systems Private Limited, a leading financial technology company, announced that it has entered into a business partnership with Rakuten India Enterprise Private Limited.
Discharging Omkar Realtors & Developers promoters Babulal Varma and Kamalkishor Gupta, the court noted that in the absence of a scheduled offence, continuing the case “will be nothing but futile work”.