Case Law Details
T.D. Sonia Vs Deputy Director Directorate of Enforcement Government of India (Madras High Court)
Madras High Court held that even if the accused was not involved in the criminal activity that generated the proceeds of crime, but, if he is involved in some way or the other with the proceeds of crime so generated, he would be liable to be prosecuted under Section 3 read with 4 of the Prevention of Money Laundering Act.
Facts-
One TD Naidu, father of Tataji and Sonia obtained huge loans from Andhra Bank and Union Bank of India for starting a medical college in the name of DD Medical College in Tiruvallur also took amounts to an extent of Rs.16.65 crores from students, for giving admission without even getting the necessary permission from the Medical Council of India. In connection with this, several FIRs were filed by the Inspector of Police.
After completing investigation, the Enforcement Directorate has filed a supplementary complaint with additional allegations. In the supplementary complaint, the details of the properties standing in the name of Tataji and Sonia have been set out and they include not only immovable properties but also high-end vehicles, including a Mercedes Benz.
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