Mohali, Aug. 15 -- A Mohali court on Friday rejected the bail pleas of Royale Estate Group promoters Parveen Kansal and Neeraj Kansal in a money-laundering case, holding that the brothers failed to satisfy the stringent bail conditions under the Prevention of Money Laundering Act (PMLA).

The court also noted allegations that the accused generated and possessed proceeds of crime, routed and siphoned funds and attempted to shield the alleged proceeds.

Additional sessions Judge Hardip Singh dismissed the bail applications of both brothers, who were arrested by the enforcement directorate (ED) on May 29 this year.

The ED case stems primarily from an FIR registered at Phase 8 police station in July 2025 over alleged non-payment of around Rs...