Courts Are Not Expected To Stall Investigation, Cannot Interfere When There Is Prima Facie Material: Madras HC Dismisses Plea Against PMLA Proceedings
While dismissing a plea by a company challenging the proceedings initiated by Enforcement Directorate under the Prevention of Money Laundering Act, the Madras High Court observed that the two requirements to start an investigation by the ED are commission of a predicate offence and prima facie material to show that such schedule offence has. While dismissing a plea by a company challenging the proceedings initiated by Enforcement Directorate under the Prevention of Money Laundering Act, the Madras High Court observed that the two requirements to start an investigation by the ED are commission of a predicate offence and prima facie material to show that such schedule offence has generated proceeds of crime. The court was hearing the plea by one Southern Agrifurane Industries Private Ltd for forbearing the ED from proceeding with an Enforcement Case Information Report on the ground that the Directorate was acting beyond jurisdiction conferred upon it by the Prevention of Money Laundering Act. The petitioner company argued that since the provisions of FEMA were not a schedule offence under the PMLA, the ED was merely taking advantage of the FIR given by the bank.
ED opposes Arvind Kejriwal's plea challenging no sanction in liquor policy case
Discover Related
MHA issued Look Out Circular, passport seized
Special court takes cognizance of offence against CM’s daughter, others in CMRL pay-off case
CMRL pay-off case: Special Court to issue notice to Kerala CM Pinarayi Vijayan’s daughter Veena Thaikkandiyil
ED arrests former Karnataka co-operative bank chairman in Rs 63 crore fraud case
Senthilbalaji’s brother Ashok Kumar appears before Principal Sessions Court
Delhi HC transfers CMRL plea against SFIO probe to another Bench
Delhi HC reserves order on pleas over errors in CLAT UG-2025 questionnaire
Minister Senthil Balaji's brother appears in ED job scam case in Chennai court
Delay in lodging complaint with cops raises doubts: Telangana HC
MCC violation case: posts aimed at Oppn. parties, Kapil Mishra tells court
Bank fraud: Court sends SP leader Vinay Shankar Tiwari, his firm's MD to ED custody till Apr 11
ED action on state-run liquor retailer: TN, TASMAC withdraw transfer pleas in SC
ED raids 10 locations in Bengaluru, Shivamogga in Cooperative Bank scam probe
Kerala CPI(M) MP Radhakrishnan appears before ED in Karuvannur bank scam case
Patkar moves Delhi HC against conviction in 2001 criminal defamation case
Madras High Court questions Tamil Nadu's pleas against ED probe in Tasmac case
HC dismisses as withdrawn anticipatory bail petition of actor Sreenath Bhasi
SC Refuses to Interfere with Lalu Yadav Aide’s Bail in Money Laundering Case
Bombay high court to hear Kunal Kamra’s plea for FIR quashing on Tuesday
NCLAT dismisses IDBI Banks plea for insolvency against Zee Entertainment
Badlapur encounter: Court flags state's reluctance, orders FIR against 5 cops
Judge Conducting Trial in 2008 Malegaon Blast Case Transferred
ED focuses attention on high-profile cases
PUEU urges Governor to cancel extension given to Periyar University V-C
Ex-Karnataka Bhovi Board GM Held in Rs 97 Crore Money Laundering Case
Court dismisses Dhananjay Munde’s appeal against order to pay maintenance