Bombay High Court quashes money laundering case against D B Realty
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The Bombay High Court has quashed a 2016 money laundering case against D B Realty Ltd and its managing director, Vinodkumar Goenka. The court ruled that the transactions in question do not constitute proceeds of crime, leading to the dismissal of charges linked to former Maharashtra minister Chhagan Bhujbal.
This ruling may enhance investor sentiment towards D B Realty, potentially stabilizing its stock performance amid ongoing legal uncertainties.
Not investment advice. For informational purposes only.