Court reserves orders on Mushtaq Peer’s bail in money laundering case

Court reserves orders on Mushtaq Peer’s bail in money laundering case

SRINAGAR: A court here on Saturday reserved orders on bail application of Mushtaq Ahmad Peer, the former chairman of the Board of Professional Entrance Examination (BOPEE), in connection with case filed by enforcement directorate under Prevention of Money Laundering Act against him.
Principal district and sessions court Srinagar, Rashid Ali Dar, reserved orders on bail after hearing rival arguments, special public persecutor, enforcement directorate, Mumtaz Ahmad Kapra told Kashmir Reader.
Peer was released after two and half years on Wednesday, a day after he J&K High Court granted conditional bail in lieu of two surety bonds of Rs 50 lakh each to him in connection with case registered against him by crime branch for allegedly engineering the common Entrance Test (CET) 2012 scam.
Peer was arrested on 23 November 2014 by the crime branch after investigation revealed that he had sold the CET-2012 papers along with answer keys for Rs 60 lakhs.
Peer was chargeshteed along with 63 other persons in the case (FIR 24/2013 Under Section 420, 120B RPC, 5(2)d r/w (5(2) PC Act) registered at Police Station Crime Branch. Among them include 29 beneficiary students, 24 parents besides the brokers.
In July last year, the ED filed the charge sheet in the court of Principal District and Session Judge here under various section of Prevention of Money Laundering Act. The Enforcement Directorate had registered a case against Peer which was based on an FIR of the Crime of Police.
ED had identified Peer’s assets and cash in bank accounts in Delhi and Kashmir and issued attachment orders identifying them as “proceeds of crime” derived from alleged corruption money of the scam.