2019 (8) TMI 1898 - HC - Money Laundering

Money Laundering - statement of the petitioner was recorded under Section 50 (2) of the Prevention of Money Laundering Act, 2002 - HELD THAT - Ad interim relief is granted to the effect that summons dated 19.08.2019 (Annexure P-1), issued to the petitioner, is hereby stayed till the next date of hearing. List on 12.09.2019.

Summary

Issues:
1. Exemption application
2. Writ petition seeking relief from summons under Prevention of Money Laundering Act, 2002

Exemption Application:
The High Court allowed the exemption application subject to all just exceptions. The applications were disposed of in this regard.

Writ Petition Seeking Relief from Summons:
In the writ petition, the petitioner sought relief from the summons issued under Section 50(2) of the Prevention of Money Laundering Act, 2002. The petitioner's statement was recorded in 2017 under the Act, and the petitioner was cited as a witness in a specific case. The court noted that post filing the complaint, investigation, and cognizance were taken by the competent trial court. Summons were issued to the petitioner under Section 50(2) of the Act, 2002. Considering these aspects, the court granted ad interim relief by staying the summons until the next date of hearing, which was scheduled for 12.09.2019.