HC affirmed the validity of summons issued by Enforcement ...

Enforcement Directorate's Summons Under PMLA Section 50(2) Valid Even for Pre-Amendment Cases, Investigation Must Continue Unhindered

February 1, 2025

Case Laws Money Laundering HC

HC affirmed the validity of summons issued by Enforcement Directorate under Section 50(2) of PMLA. The subsequent summons for further investigation was permissible under Section 44(1)(d) Explanation (ii), despite the alleged offense predating the amendment. The court emphasized that judicial interference at summons stage could prejudice money laundering investigations. The ruling stressed that investigating agencies must be allowed to function freely to collect evidence and statements following PMLA procedures. Courts should avoid granting unwarranted leniency that could hamper investigations or allow evasion of PMLA proceedings. Petitioners were directed to comply with summons and provide required documents and explanations. Petition dismissed.

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HC affirmed the validity of summons issued by Enforcement ...

Enforcement Directorate's Summons Under PMLA Section 50(2) Valid Even for Pre-Amendment Cases, Investigation Must Continue Unhindered

February 1, 2025

Case Laws Money Laundering HC

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