Mohali, April 2 -- A Mohali court on Wednesday dismissed the regular bail application of real estate developer Jarnail Singh Bajwa, observing that the material on record showed his prima facie involvement in money-laundering offences linked to multiple cheating FIRs and proceeds of crime exceeding Rs.600 crore.

The court of additional sessions judge Hardip Singh noted that the Enforcement Directorate (ED) had initiated its probe on the basis of eight FIRs registered between 2017 and 2022 at the City Kharar police station, all alleging cheating, criminal breach of trust and forgery in the Sunny Enclave project developed by Bajwa Developers Ltd.

During investigation, the ED had gathered a total of 45 FIRs concerning similar allegations ag...