The World Opinion

Tag: Money Laundering Act

  • Ideal Courtroom judgement on pleas difficult PMLA provisions most probably on July 27

    Via ANI

    NEW DELHI: The Ideal Courtroom of India is ready to ship its judgement on a batch of pleas difficult the quite a lot of provisions of the Prevention of Cash Laundering Act (PMLA) on Wednesday.

    The order can be delivered by means of a bench headed by means of Justice AM Khanwilkar.

    On July 15, the Ideal Courtroom mentioned that its judgement at the pleas difficult the provisions of the Prevention of Cash Laundering Act (PMLA) was once nearly able.

    The highest court docket had previous reserved its order on a batch of petitions difficult sure provisions of the Prevention of Cash Laundering Act (PMLA). Distinguished names like Karti Chidambaram and previous Jammu and Kashmir Leader Minister Mehbooba Mufti have been some of the petitioners within the case.

    Their petitions raised a couple of problems together with the absence of a process to begin investigation and summoning, whilst the accused was once now not made acutely aware of the contents of the Enforcement Case Data File (ECIR).

    Mufti had challenged constitutional vires of segment 50, and any incidental provisions of the Prevention of Cash Laundering Act, 2002.

    Segment 50 of the PMLA empowers the ‘authority’ i.e. officials of the Enforcement Directorate, to summon any individual to present proof or produce information. All individuals summoned are sure to respond to questions put to them, and to provide the paperwork as required by means of the ED officials, failing which they are able to be penalised below the PMLA.

    On the other hand, the Centre had justified the constitutional validity of the provisions of PMLA.

    NEW DELHI: The Ideal Courtroom of India is ready to ship its judgement on a batch of pleas difficult the quite a lot of provisions of the Prevention of Cash Laundering Act (PMLA) on Wednesday.

    The order can be delivered by means of a bench headed by means of Justice AM Khanwilkar.

    On July 15, the Ideal Courtroom mentioned that its judgement at the pleas difficult the provisions of the Prevention of Cash Laundering Act (PMLA) was once nearly able.

    The highest court docket had previous reserved its order on a batch of petitions difficult sure provisions of the Prevention of Cash Laundering Act (PMLA). Distinguished names like Karti Chidambaram and previous Jammu and Kashmir Leader Minister Mehbooba Mufti have been some of the petitioners within the case.

    Their petitions raised a couple of problems together with the absence of a process to begin investigation and summoning, whilst the accused was once now not made acutely aware of the contents of the Enforcement Case Data File (ECIR).

    Mufti had challenged constitutional vires of segment 50, and any incidental provisions of the Prevention of Cash Laundering Act, 2002.

    Segment 50 of the PMLA empowers the ‘authority’ i.e. officials of the Enforcement Directorate, to summon any individual to present proof or produce information. All individuals summoned are sure to respond to questions put to them, and to provide the paperwork as required by means of the ED officials, failing which they are able to be penalised below the PMLA.

    On the other hand, the Centre had justified the constitutional validity of the provisions of PMLA.

  • Two Bihar district officials underneath ED radar for alleged cash laundering

    Categorical Information Provider

    PATNA: Two district delivery officials (DTOs) of Bihar at the moment are dealing with motion from the Enforcement Directorate (ED), which registered court cases towards them underneath the Prevention of Cash Laundering Act, 2002.

    The officials—Ajay Kumar Thakur and Rajnish Lal—had been posted in Jehanabad and Muzaffarpur, respectively when searches had been performed at their residential premises via Vigilance Investigation Bureau (VIB).

    Throughout the analysis operation, the VIB sleuths had detected a money deposit of Rs.90 lakh and investments value Rs.70 lakh in insurance coverage insurance policies within the identify of Thakur and his shut kinfolk in November ultimate 12 months. Paperwork associated with the acquire of land in Muzaffarpur, Patna in Bihar and in Ranchi and Jamshedpur in Jharkhand had been seized via the individuals of the raiding crew from Thakur’s residential premises.

    In a similar way, a disproportionate belongings case used to be lodged on the VIB police station towards Rajnish Lal in June 2021 when he used to be posted as DTO of Muzaffarpur. Throughout a seek of his flat in Patna’s Kankarbagh, the VIB crew had recovered Rs.51 lakh money and jewelry value Rs.60 lakh. As well as, jewelry value Rs.20 lakh used to be detected within the locker of the previous Muzaffarpur DTO.

    Each the officials had been put underneath suspension after instances of disproportionate belongings had been registered on the VIB police station. A senior respectable of the ED stated, “The method of attachment of belongings will get started quickly. Now we have already registered instances towards the 2 officials underneath PMLA at the advice of the VIB.”