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Calcutta HC Upholds ED Probe on Property Linked to Money Laundering
Case Law Details
- Case Name
- Rupdarshi Textiles Pvt. Ltd. & Anr. Vs Deputy Director (Calcutta High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Calcutta High Court
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Rupdarshi Textiles Pvt. Ltd. & Anr. Vs Deputy Director (Calcutta High Court)
Calcutta High Court has dismissed an appeal by Rupdarshi Textiles Pvt. Ltd. and one of its shareholders, ruling that an immovable property owned by the company is a “proceeds of crime” and can be subjected to investigation by the Enforcement Directorate (ED). The appellants had sought to have the property and all proceedings against them dropped, arguing they were not involved in an alleged bank fraud committed by the company’s former shareholders and were not recipients of any proceeds of crime....
