New Delhi, March 30 -- The Delhi High Court on Monday denied anticipatory bail to the daughter of late PACL promoter Nirmal Singh Bhangoo in a money laundering case, observing that her conduct during the investigation did not warrant such relief.

It is alleged that Barinder Kaur, the daughter of late PACL promoter, was connected to certain entities that allegedly received proceeds of crime.

Barinder Kaur had approached the High Court seeking protection from arrest in proceedings initiated by the Directorate of Enforcement (ED) under the Prevention of Money Laundering Act (PMLA) for the alleged Rs 48,000 crore Ponzi scheme in which numerous investors were duped.

The case originates from an alleged large-scale financial fraud involving P...