Mumbai: Special PMLA Court Discharges Sagar Mulchandani In Seva Vikas Bank Money Laundering Case
Mumbai, November 11, 2026: The special Prevention of Money Laundering Act (PMLA) court has discharged Sagar Mulchandani, nephew of Amar Mulchandani, the former chairman of Seva Vikas Co-operative Bank Ltd, in a money laundering case, observing that no specific role had been attributed to him. Countering the prosecution's case that Sagar was one of the beneficiaries of the fraud because he led a…
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