In a significant ruling, the Supreme Court declared that the Enforcement Directorate (ED) cannot arrest a person directly under the Prevention of Money Laundering Act (PMLA) once a special court takes cognizance of the complaint. Justices A S Oka and Ujjal Bhuyan emphasized that the ED must Continue Reading
In a significant development, the PMLA Appellate Tribunal has directed the Enforcement Directorate (ED) to release assets worth ₹14 crore that were attached in 2017. These assets were linked to the alleged money laundering following the demonetisation of ₹1,000 and ₹500 currency notes in 2016. The assets were seized from 15 bank lockers during an […]Continue Reading