Money Laundering - Seeking quashing and setting aside of the ...

Case Laws     Money Laundering

May 15, 2024

Money Laundering - Seeking quashing and setting aside of the Look Out Circular (LOC) - The Bombay High Court quashed the LOC issued by the ED against the petitioner, highlighting procedural lapses and the absence of material evidence. The court emphasized the petitioner's compliance with the investigation despite travel restrictions due to the COVID-19 pandemic. The judgment underscores the necessity for adherence to procedural guidelines in issuing LOCs and protecting individuals' rights against arbitrary detention. The court provided clear directives to ensure the petitioner's continued cooperation with the investigation while safeguarding his right to livelihood.

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