The probe agency has booked Ahmed under Section 120B (Criminal Conspiracy) read with 420 (cheating) of the Indian Penal Code (IPC). He is also booked under section 51 read with Section 58 of Wildlife (Protection) Act, 1972.
The petition has further raised the issue indicating that whether the High Court can entertain a PIL and direct the CBI to conduct a preliminary inquiry without it being shown that there was an abuse of power of investigation.
According to the petitioners, they have been duped by Westland Trade Private Limited, as it is a fake company floated with other ghost companies like Hyper Supermarket, HyperMart, Big Mart, Super Mart, etc.
Advocate Prashant Bhushan, appearing for the petitioner, had pointed out that the final decision to close the case has been taken even though several officers of the CBI recommended registration of a regular case for a further inquiry
The Supreme Court bench headed by Justice NV Ramana was hearing the matter through video conferencing. While hearing, the Solicitor General Tushar Mehta submitted that the role of Amicus in the current matter has ended.
“The Company (Devas) fraudulently raised foreign investment of Rs 579 crore and subsequently illegally transferred 85% of the investment out of India to its subsidiary in USA in the guise of investment and services fees etc,” the ED investigation revealed.