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 against Bajwa and the company. The probe agency submitted that Bajwa, as managing director of Bajwa Developers Ltd, had collected massive sums from homebuyers, made multiple and double allotments, diverted customer advances, falsified ledgers, routed funds through various accounts and entities, and amassed proceeds of crime amounting to Rs.662.49 crore. It also relied on statements under Section 50 of Prevention of Money Laundering Act (PMLA) and documents recovered during searches, including cash seizures, frozen bank accounts and attached properties. Taking note of the submissions, the court held that bail could not be granted in view of the mandatory twin conditions under Section 45 of the PMLA, which require the court to be satisfied that the accused was not guilty and was unlikely to commit an offence while on bail. Referring to Supreme Court rulings, the court observed that economic offences formed a separate class and must be dealt with "a different approach", emphasising the gravity of money-laundering allegations, and the potential impact on the public and the financial system. The order recorded that the allegations and documentary material prima facie indicated commission of the offence, and the possibility of tampering with evidence or influencing witnesses could not be ruled out. The court rejected Bajwa's argument that the case was a civil dispute converted into a criminal matter, noting that he already stood convicted under Section 420 (cheating) of the Indian Penal Code in a related case. The court also declined relief on medical grounds, stating that the accused was receiving adequate treatment in judicial custody and that his condition did not meet the threshold required for bail. Concluding that no ground was made out to grant the concession of regular bail, the court dismissed the application....