MUMBAI, Nov. 28 -- A special Prevention of Money Laundering Act (PMLA) court has closed a money laundering probe related to a financial dispute between a non-banking financial company and a Gujarat-based juice and beverage manufacturer. The juice manufacturing firm had alleged that the NBFC had disbursed only a part of the Rs.100-crore loan it had agreed to provide, and siphoned off Rs.2.92 crore from the firm owner's personal account. But the Economic Offences Wing (EOW) of Mumbai police had, in its closure report, explicitly concluded that no wrongful loss was caused to the firm or its stakeholders, the ED told the special court on November 19. The ED's case was based on the EOW case registered in December 2019, which was based on a complaint by D Singh, owner of the Gujarat-based Manpasand Beverages Ltd. As per the first information report registered by the EOW, Singh had in 2019 approached the late B Patel, director of Finquest Financial Solutions Pvt Ltd, seeking a loan. Patel's firm had, on July 2, 2019, proposed a term loan of Rs.100 crore towards working capital for Manpasand Beverages. In his complaint, Singh alleged that Finquest Financial Solutions released only Rs.9 crore instead of Rs.100 crore while retaining operational control of his firm and its assets. Another case was also lodged in Gujarat in September 2019, alleging Patel had misused blank cheques belonging to Singh to siphon off Rs.2.92 crore from the latter's personal account....