The High Court dismissed the application challenging the ...

Court upholds freezing order against company linked to money laundering probe.

December 19, 2024

Case Laws Money Laundering HC

The High Court dismissed the application challenging the freezing orders issued by the Enforcement Directorate u/ss 17 and 17(1-A) of the Prevention of Money Laundering Act, 2002. The Court held that the phrase "for the purposes of investigation" in the notice u/s 17(1-A) was sufficient justification for the Enforcement Directorate's actions, considering the financial trail linking the petitioner company to an entity under investigation. Section 17(1-A) allows freezing of property when seizure is not possible, while Section 17(2) mandates forwarding reasons and material to the Adjudicating Authority in a sealed envelope, preserving secrecy. The Court distinguished the present case from a previous matter where proceedings were stayed by the Supreme Court.

View Source

← Previous Next →

The High Court dismissed the application challenging the ...

Court upholds freezing order against company linked to money laundering probe.

December 19, 2024

Case Laws Money Laundering HC

You may also like:

The High Court dismissed the petitions seeking to quash the criminal complaint under the Prevention of Money-Laundering Act, 2002 (PMLA). The petitioners argued that the...

Grant of bail - money laundering - proceeds of crime - The court noted substantial evidence indicating that Satyendar Kumar Jain conceptualized and orchestrated the...

The High Court dismissed the criminal revision petition filed by the petitioners challenging the order rejecting their discharge petition in a money laundering case. The...

Petition u/s 227 of Criminal Procedure Code for discharge dismissed. Allegations in complaint constitute offence of money laundering u/s 3 of PMLA. Prosecution of...

Seeking grant of bail - Money Laundering - The Court observed that the applicant held directorial positions in companies allegedly involved in fraudulent activities. The...

The court rejected the bail application u/s 45 of the PMLA, finding reasonable grounds to believe the applicant was involved in money laundering related to proceeds from...

The High Court dealt with a case involving money laundering through the sale of illegally printed lottery tickets. The court held that the Prevention of Money Laundering...

In a money laundering case involving a predicate offence related to an illegal kidney transplantation racket and offences under the Indian Penal Code and Transplantation...

Money Laundering - illegal mining of granite, causing damages to human life and properties using explosives - scheduled offences - The High Court clarified that the...

The court granted regular bail to the accused in a money laundering case involving conspiracy and proceeds of crime. While acknowledging ample evidence linking the...

The High Court denied bail to the accused, a public servant, in a money laundering case involving bribery for tender allotments. The accused's family members were also...

The High Court dismissed the petition challenging the complaint filed under the Prevention of Money Laundering Act (PMLA) for customs duty evasion. The court held that...

The court dismissed the third bail application filed u/s 439 of the Code of Criminal Procedure, 1973, in a case involving money laundering and illegal extortion on coal...

Money Laundering - Grant of bail - The petitioner, seeking bail after 14 months of detention, faced allegations of involvement in a complex money laundering scheme,...

Seeking grant of anticipatory bail - Money Laundering - The allegations against the applicant, as CEO of a company, included signing agreements facilitating fund...

Quick Updates: