ED power confined to offense of money laundering

Prakash Industries Limited Vs Union of India (Delhi High Court) Delhi High Court held that power of Enforcement Directorate (ED) stands confined to the offense of money laundering as defined in terms of Prevention of Money Laundering Act, 2002. Facts- These two writ petitions raise an important question relating to the powers of the Enforcement Directorate to provisionally attach properties u/s. 5 of the Prevention of Money Laundering Act, 2002 even though no proceedings relating to the predicate offense may have been initiated by the competent agency functioning under an independent statute a...