India, Aug. 14 -- A metropolitan magistrate court in Girgaon on Tuesday granted bail to 75-year-old businessman Abdul Kader, arrested last week for allegedly encroaching upon and demolishing the defunct New Roshan Talkies in Khetwadi-a property attached by the Enforcement Directorate (ED) during its money-laundering probe against late drug trafficker Iqbal Mirchi.

According to the VP Road police, Kader claimed ownership of the cinema hall without documents, executed a Rs.15-crore sale agreement with a certain Govind Bansal, took Rs.99 lakh as token money, and sold scrap from the site for Rs.5 lakh to a certain U Dhani.

The ED had attached the property in 2020 under the Prevention of Money Laundering Act (PMLA). When it moved to take phy...