Corporate Law : A comprehensive roundup of the latest ED and CBI investigations covering money laundering, corruption, builder-bank nexus, and fin...
Corporate Law : The Court examined whether a predicate FIR is necessary before the ED can act under the PMLA. It held that inquiry proceedings and...
Corporate Law : The report highlights major investigations by CBI, ED, DRI, SFIO, and NIA into NEET paper leaks, bank frauds, betting apps, and te...
Corporate Law : Explains why statements recorded during investigative summons carry evidentiary value and how careful handling can prevent escalat...
Corporate Law : Madras High Court rules ED needs a predicate offense to investigate, preventing arbitrary action and emphasizing adherence to juri...
Corporate Law : Authorities found Dubai property acquisitions by Indian residents routed through hawala, leading to action for violations of FEMA ...
Corporate Law : ED arrests two Chinese nationals for exploiting borrowers through digital loan apps, charging high rates, and extorting money usin...
Corporate Law : Bombay High Court directs Enforcement Directorate to regulate statement recording hours under PMLA, emphasizing same-day examinati...
Corporate Law : ED has frozen ₹6.04 crore linked to the fraudulent TradingFX app, which operated as a Ponzi scheme. Ongoing investigations are u...
Finance : Enforcement Directorate's crackdown on illegal forex trading in Ahmedabad leads to seizures worth ₹242.39 Cr. Two arrests made, ...
Corporate Law : Karnataka HC refused to quash IPC and ED proceedings, holding that disputed facts require trial and Section 482 CrPC cannot be use...
Corporate Law : Kerala HC held that it could not direct parallel investigations when the same FIR was already under consideration before the Karna...
Corporate Law : The Calcutta High Court directed the Enforcement Directorate to question the petitioner in Kolkata instead of Delhi. The Court hel...
Fema / RBI : The Appellate Tribunal under SAFEMA held that attachment under PMLA cannot stand without evidence showing flow of tainted funds. T...
Corporate Law : The Court considered a request to permit limited operation of a frozen account for salary payments. It deferred interim relief and...
Corporate Law : Enforcement Directorate issues directive on summoning legal practitioners, emphasizing compliance with Section 132 of the Bharatiy...
The Appellate Tribunal confirmed the attachment of 511 properties valued at Rs.96.05 crore, ruling they were proceeds from illegal granite mining. The judgment reaffirmed that money-laundering is a continuing offense, validating the attachment even for assets acquired before the PMLA came into force.
Finding procedural lapses in document disclosure, the Tribunal invalidated the ED’s order retaining ₹5.75 lakh seized from Gurudev Jewellers. It reaffirmed that all relied-upon documents must be provided to affected parties to ensure fair adjudication.
The Karnataka High Court affirmed the legality of an ED arrest made in Sikkim concerning a Bengaluru-registered money-laundering case. The ruling establishes that PMLA confers pan-India jurisdiction on the ED, making the geographical location of the arrest irrelevant if a valid ECIR exists.
Karnataka High Court set aside a FEMA show-cause notice and complaint issued after Section 6(3)(b) of Act was omitted by Finance Act, 2015. Court ruled that proceedings based on a non-existent provision are void ab initio. It reaffirmed that, without a saving clause, authorities lack jurisdiction to act under an omitted section.
Karnataka High Court held that Enforcement Directorate cannot attach assets mortgaged to banks under SARFAESI Act. Court found that such properties, acquired through lawful bank loans, are not proceeds of crime. It reaffirmed that secured creditors’ recovery rights under SARFAESI override PMLA proceedings where the bank is a victim, not a beneficiary.
Calcutta High Court mandates ED to issue fresh summons with predicate offence details in a PMLA case, balancing investigative powers with fair disclosure for appearance.
Madras High Court rules ED needs a predicate offense to investigate, preventing arbitrary action and emphasizing adherence to jurisdictional limits in PMLA cases.
Supreme Court rules retracted confessions can’t be sole basis for guilt without corroboration, citing ED’s serious negligence and non-production of evidence.
Rajasthan High Court granted bail in a money laundering case, emphasizing prolonged incarceration as an Article 21 violation and citing Supreme Court precedents.
Madras High Court orders de sealing of premises, stating Enforcement Directorate acted without sufficient “reason to believe” under PMLA’s Section 17.
