Liquor Policy: Delhi Court Grants Bail To Two Accused In Money Laundering Case

A Delhi Court has granted bail to two accused persons in the money laundering case connected to implementation of the national capital's excise policy of 2021-22.Special Judge MK Nagpal of Rouse Avenue Courts granted bail to Rajesh Joshi and Gautam Malhotra and ordered their release from custody subject to furnishing of a personal bond of Rs. 2 lakhs each. It has been alleged by Enforcement Directorate that Joshi, a businessman, was an associate of Vijay Nair and was involved in channelization...

‘Repeated Use Of Template Paragraphs Impermissible’: Delhi High Court Warns PMLA Adjudicating Authority Of Action

The Delhi High Court had warned the Adjudicating Authority under Prevention of Money Laundering Act, 2002 (PMLA) to not use “disconcerting language” in its orders and said that repeated use of “template paragraphs” is not permissible. Justice Prathiba M Singh directed the Appellate Tribunal under PMLA to ensure that the Adjudicating Authority abides by the principles of natural justice and the court’s observations in Dr. U.S. Awasthi v. Adjudicating Authority PMLA & Anr. “The Appellate...

Mumbai PMLA Court Grants Bail to Yes Bank Founder | Criticizes ED & CBI Conduct [Video]

LIFE Mission Case: Kerala High Court Dismisses M Sivasankar's Bail Plea

The Kerala High Court on Thursday dismissed the bail application filed by M Sivasankar, former Principal Secretary to the Chief Minister of Kerala, in the money laundering case related to alleged corruption in the LIFE (Livelihood, Inclusion and Financial Empowerment) Mission project, a housing project of the Kerala Government for the homeless.Justice A. Badharudeen observed that although the petitioner could not be regarded as a person who would flee from trial, "...However, his propensity...

Satyendar Jain Is Influential Person, ‘Conceptualizer’ Of Entire Money Laundering Operation; Not Entitled To Bail Under PMLA: Delhi High Court

Denying bail to Satyendar Jain in the money laundering case, the Delhi High Court on Thursday said that witness statements show that the Aam Aadmi Party leader is the “conceptualizer, visualizer and executor” of the entire operation. The court also said he is an influential person having the potential to tamper with evidence.In the order running into 46 pages, Justice Dinesh Kumar Sharma observed that Satyendar Jain, Vaibhav Jain and Ankush Jain failed to meet the twin conditions provided...

Delhi High Court Denies Bail To Satyendar Jain In Money Laundering Case

The Delhi High Court on Thursday denied bail to Aam Aadmi Party leader Satyendar Jain in the money laundering case in which he has been in custody since May 30 last year.Justice Dinesh Kumar Sharma also denied bail to co-accused Vaibhav Jain and Ankush Jain. “Satyendar Jain is an influential person and has the potential of tampering with evidence. The petitioner (Jain), at this stage, can’t be held to clear the twin conditions of PMLA,” the court said.The court said that there is...

Conflict Of Laws : PMLA v. SARFAESI Act

Conflict of laws is as old as the legal system itself. One such conflict that litigators tend to face frequently is the conflict between Prevention of Money Laundering Act, 2002 (‘PMLA’) and Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (‘SARFAESI Act’.) To understand the objective behind enactment of the PMLA, first it is essential understand what “Money Laundering” means in general parlance. Money laundering is the process of...

Delhi High Court Cautions PMLA Adjudicating Authority About Passing ‘Templated Orders’

The Delhi High Court has cautioned the Adjudicating Authority under Prevention of Money Laundering Act, 2002 (PMLA) about passing “templated orders” and said that using “identical templated paragraphs” must be avoided.“Use of identical templated paragraphs could reflect as non-application of mind by the Authority concerned and hence ought to be avoided. The Adjudicating Authority is cautioned about passing such templated orders,” Justice Prathiba M Singh said. The court was hearing a plea moved...

Cattle Smuggling: Calcutta High Court Paves Way For ED To Take Anubrata Mondal To Delhi, Dismisses Challenge To Production Warrant

A special bench of Calcutta High Court on Saturday dismissed with exemplary cost, a petition filed by Anubrata Mondal, TMC’s leader and accused in West Bengal Cattle smuggling case, challenging the production warrant issued by a Special CBI Court, Delhi in PMLA case.Mondal was arrested under Section 3 (Offence of money-laundering) and Section 4 (Punishment for money-laundering) of the Prevention of Money Laundering Act (PMLA) by the Enforcement Directorate on November 17, 2022 in relation to a...

Cattle Smuggling: Calcutta High Court Paves Way For ED To Take Anubrata Mondal To Delhi, Dismisses Challenge To Production Warrant

A special bench of Calcutta High Court on Saturday dismissed with exemplary cost, a petition filed by Anubrata Mondal, TMC’s leader and accused in West Bengal Cattle smuggling case, challenging the production warrant issued by a Special CBI Court, Delhi in PMLA case.Mondal was arrested under Section 3 (Offence of money-laundering) and Section 4 (Punishment for money-laundering) of the Prevention of Money Laundering Act (PMLA) by the Enforcement Directorate on November 17, 2022 in relation to a...

Take Expeditious Steps For Appointing Chairperson, Other Members Of PMLA Appellate Authority: Delhi High Court To Centre

The Delhi High Court has directed the Union Government to take expeditious steps for appointing Chairperson and other members of the Appellate Authority under Prevention of Money Laundering Act, 2002 (PMLA) within eight weeks. Taking judicial notice of the fact that there are a “large volume of cases” pending under PMLA, Justice Prathiba M Singh said that there is a “dire need” for constitution of multiple benches.The court was hearing a plea moved by M/S Gold Croft Properties Private Limited...

Take Expeditious Steps For Appointing Chairperson, Other Members Of PMLA Appellate Authority: Delhi High Court To Centre

The Delhi High Court has directed the Union Government to take expeditious steps for appointing Chairperson and other members of the Appellate Authority under Prevention of Money Laundering Act, 2002 (PMLA) within eight weeks. Taking judicial notice of the fact that there are a “large volume of cases” pending under PMLA, Justice Prathiba M Singh said that there is a “dire need” for constitution of multiple benches.The court was hearing a plea moved by M/S Gold Croft Properties Private Limited...