Supreme Court Sets Aside Anticipatory Bail Granted To HGPI Chairman In Post-Matric Scholarship Scam PMLA Case

The Supreme Court on Thursday set aside the Himachal Pradesh High Court's order granting anticipatory bail to Rajnish Bansal, Chairman of the Himalayan Group of Professional Institutions (HGPI) and Apex Group of Professional Institutions (AGPI), in the Enforcement Directorate's money laundering case linked to the alleged Post-Matric Scholarship Scheme scam. A bench of Justices M.M. Sundresh and Prasanna B. Varale allowed the ED's appeal. It held that the High Court had failed to adequately...

Telangana High Court Holds Valid Reasons To Believe Justify ED Asset Retention In MMTC Fraud Case

The Telangana High Court on 1 July upheld the Enforcement Directorate's (ED) power to retain seized cash, gold jewellery, precious stones, documents and electronic devices where the adjudicating authority records reasons to believe that such assets may constitute proceeds of crime under the Prevention of Money Laundering Act (PMLA). A Division Bench of Justices P. Sam Koshy and Narsing Rao Nandikonda dismissed an appeal filed by Musaddilal Gems and related entities, while affirming the...

UK-Based Arms Consultant Sanjay Bhandari Moves SC Against Delhi HC Fugitive Economic Offender Ruling

Businessman Sanjay Bhandari has approached the Supreme Court against the Delhi High Court's decision affirming his declaration as a Fugitive Economic Offender under the Fugitive Economic Offenders ActBhandari, a defence consultant is under investigation in the alleged Pilatus basic trainer aircraft procurement and Tatra all terrain military truck procurement cases apart from proceedings under the Black Money Act.The special leave petition filed on July 9 is yet to be listed before the apex...

Telangana High Court Dismisses ED Appeals In VANPIC Money Laundering Case Linked To Y.S. Jagan Mohan Reddy

The Telangana High Court has recently dismissed a batch of appeals filed by the Enforcement Directorate (ED) in the alleged quid pro quo investments case linked to companies promoted by Y.S. Jagan Mohan Reddy. The CBI had alleged that companies invested in businesses linked to him in return for favours extended by the then Andhra Pradesh government headed by his father, late Chief Minister Y.S. Rajasekhara Reddy. The appeals challenged a PMLA Appellate Tribunal order directing the release of...

'Personal Preference Not Medical Necessity': Chhattisgarh High Court Refuses PMLA Accused's UAE Travel Plea

The Chhattisgarh High Court has recently observed that "personal preference cannot be equated with absolute medical necessity" while refusing to allow a businessman accused in a money laundering case to travel to Abu Dhabi for treatment. It held that an accused cannot insist on treatment in a foreign country when equivalent medical care is readily available in India. Justice Narendra Kumar Vyas upheld a special court's order rejecting Sunil Kumar Agrawal's request to travel to the UAE for KKT...

Former Reliance Power CFO Moves Supreme Court Against Bail Denial In ₹68.20 Crore PMLA Case

Former Reliance Power Ltd Chief Financial Officer Ashok Kumar Pal has moved the Supreme Court challenging the Delhi High Court's refusal to grant him regular bail in the Enforcement Directorate's money laundering case.The case arises from the alleged submission of forged bank guarantees worth ₹68.20 crore for a Solar Energy Corporation of India battery energy storage project.The special leave petition filed on June 30, 2026 is yet to be listed before the apex court. The case arises from an...

PMLA Court Can Try Corruption Cases Along With Money Laundering Case After Transfer: Kerala High Court

The Kerala High Court has held that a Special Court constituted under the Prevention of Money Laundering Act (PMLA) can try a scheduled offence under the Prevention of Corruption Act once the case is committed to it. It held that this remains so even if the court is not the one specifically notified to try offences under the anti-corruption law. Justice A. Badharudeen made the finding while dismissing a petition filed by the Central Bureau of Investigation (CBI). The agency had challenged an...

Karnataka High Court Grants Bail To Former MUDA Commissioner In Money Laundering Case

The Karnataka High Court on Wednesday granted bail to former Mysuru Urban Development Authority (MUDA) Commissioner G.T. Dinesh Kumar in a money laundering case linked to the alleged MUDA site allotment scam. The court held that while delay in trial by itself is not a ground for granting bail, the petitioner had shown several changed circumstances that justified the relief. Justice M. Nagaprasanna passed the order in proceedings initiated by the Enforcement Directorate (ED) under the...

ED Can Share Information With Concerned Agencies On Violations Of Other Laws Under PMLA: Karnataka High Court

The Karnataka High Court on Wednesday held that information uncovered by the Enforcement Directorate (ED) during an investigation under the Prevention of Money Laundering Act (PMLA) can be shared with other agencies if it discloses violations of another law. It ruled that such information is not confined to proceedings under the PMLA alone. Justice M. Nagaprasanna made the observations while refusing to quash an FIR registered against Micah Mark and five others over allegations that they were...

PMLA Appellate Tribunal Upholds Attachment Of Kerala Businessman's ₹2.55 Crore Assets In Invest Bank Fraud Case

The Appellate Tribunal under the Prevention of Money Laundering Act (PMLA) has upheld the provisional attachment of assets worth Rs. 2.55 crore belonging to a Kerala businessman accused of laundering proceeds of an alleged Rs. 83.36 crore fraud involving the UAE-based Invest Bank. Chairman Justice Munishwar Nath Bhandari dismissed an appeal filed by Abdurahiman Chenoth Thiruthummal against a June 2024 order of the Adjudicating Authority. The order had confirmed the provisional attachment of his...

PMLA Tribunal Upholds ED Attachment, Rejects Plea That Predicate Offence Was Not Scheduled When Committed

The Appellate Tribunal under the Prevention of Money Laundering Act (PMLA) has recently upheld the Enforcement Directorate's attachment of property belonging to Delhi builder Gopal Krishan Aggarwal. It rejected his contention that proceedings under the anti-money laundering law could not continue because the predicate offence was not a scheduled offence at the time it was allegedly committed. Chairman Justice Munishwar Nath Bhandari dismissed Aggarwal's appeal against the Adjudicating...

Are ED's 'Reasons To Believe' For Provisional Attachment Confidential? Gauhati High Court Refers Issue To Larger Bench

The Gauhati High Court has recently referred to a larger bench the question of whether the Enforcement Directorate's recorded "reasons to believe" are confidential or can be incorporated into a provisional attachment order. The reference follows a single judge's disagreement with an earlier coordinate bench that had taken a contrary view.Justice Manish Choudhury observed that his view that it is not confidential differed from the earlier coordinate bench ruling in Aftabuddin Ahmed v. Enforcement...