9911796707
|
Home
Issues involved: Challenge for quashing of summons and directions to restrain further proceedings under Prevention of Money Laundering Act, 2002.
In the present writ petition, the petitioner challenged the summons issued on 19th July, 2013 and sought directions to restrain the Assistant Director (PLMA), Directorate of Enforcement, Government of India from proceeding further in the matter under the Prevention of Money Laundering Act, 2002. The petitioner primarily contested the proceedings initiated by the Directorate of Enforcement, Government of India. The Court was informed that a First Information Report was lodged by an official of South Indian Bank Ltd. against the petitioner and some bank officials under various Sections including Section 420 I.P.C. The Reserve Bank of India forwarded this information to the Directorate of Enforcement, which initiated proceedings under the Prevention of Money Laundering Act, 2002. The Assistant Solicitor General informed the Court that the Enforcement Directorate was investigating the matter and had summoned not only the petitioner but also various bank officials named in the F.I.R. The investigation was ongoing, and the Court was of the view that no interference was presently required. The writ petition was dismissed, with a direction for the Enforcement Directorate to expedite the investigation and for the petitioner to provide necessary cooperation.
|
