India, Jan. 20 -- A special court under the Prevention of Money Laundering Act (PMLA) on Friday closed a money laundering case against a private company, its promoter and BJP leader Mohit Kamboj, and several other directors. The case was linked to an alleged Rs.67.22 crore loan default.

Special judge RB Rote accepted the closure report filed by the Enforcement Directorate (ED) after the Central Bureau of Investigation (CBI) closed the main offence on which the money laundering case was based. The CBI case had been registered following a complaint by the Bank of India, which accused the private company, Bagla Overseas Private Limited, and its promoters and directors of causing a loss of Rs.67.22 crore to the bank.

The CBI had registered ...