PMLA
Special Court Sends Maharashtra's Former Home Minister Anil Deshmukh To 14 Days Judicial Custody; Son Approaches Court For Anticipatory Bail
A special holiday court on Tuesday refused Maharashtra's former Home Minister Anil Deshmukh's further custody to the Enforcement Directorate in a money laundering case. The court remanded Deshmukh to 14 days judicial custody instead. Meanwhile, Deshmukh's son Hrishikesh has approached the Sessions Court seeking anticipatory bail in the same case. His application is kept for hearing on November 12. Deshmukh, a senior leader of NCP, appeared before the ED on Monday and was arrested...
What Is The Procedure To Be Followed By ED On Receiving Letters Of Request From Contracting State Under PMLA? Delhi HC Answers
The Delhi High Court on Wednesday has passed a detailed order concerning the procedure to be followed by the Enforcement Directorate upon receiving letters of requests from a contracting State under Section 60 of the PMLA and other connected issues. Justice Pratibha M Singh, who was of the opinion that the request for freezing or seizure of assets/property must have a reasonable basis having sufficient grounds for taking action, held thus:"..ED/ Adjudicating Authority, would have to adhere...
"State Can't Discriminate Adversely": Delhi Court On Head-Phone Facility Being Given To Only One Prison Inmate For Attending Judicial Proceedings
While an accused was observing proceedings in a PMLA case using a headphone, a Delhi Court questioned the conduct of jail authorities for not providing similar facilities and privileges to other inmates who are attending court proceedings via video conferencing.The development came when Raj Singh Gehlot, owner of the Gurugram-based Ambience Mall, was attending the proceedings in connection with a money laundering case against him for allegedly siphoning off the loan amount and diverting funds in...
Supreme Court Permits Hybrid Hearing Of Batch Case Relating To Interpretation Of Prevention of Money Laundering Act
The Supreme Court has agreed to hear the batch of petitions concerned with the interpretation of the Prevention of Money Laundering Act through hybrid mode on request made by one of the Senior Counsels. A Bench headed by Justice AM Khanwilkar has granted permission for the matter to be heard in hybrid mode on request made by Senior Advocate Kapil Sibal in consideration of the large volumes of pleadings involved in the matter.In backdrop of the recent Standard Operating Procedure issued by...
Delhi High Court Directs Centre For Filling Up Of Vacancies For Members In Adjudicating Authority Under PMLA
The Delhi High Court has directed Centre for filling up the vacancy positions for members in the Adjudicating Authority under Prevention of Money Laundering Act within a period of three months.The Court also directed the Centre to take steps to fill up vacancies regarding Court master and other working staff through alternate means, within a period of one month.Justice Pratibha M Singh sought status report to be filed in respect of the steps taken for appointments and filling up of vacancies,...
Whether PMLA Prevails Over SARFAESI Act? Supreme Court To Hear SBI's Plea On October 20
The Supreme Court will hear on October 20th plea filed by State Bank of India challenging the Punjab and Haryana High Court's decision that Prevention Of Money Laundering Act(PMLA) prevails over the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act (SARFAESI Act)A Bench comprising Justice AM Khanwilkar, Justice Dinesh Maheshwari and Justice CT Ravikumar was considering the case State Bank of India v. Enforcement Directorate.Solicitor General of...
Delhi High Court Temporarily Stays Money Laundering Proceedings Against Company Allegedly Owned By Former IAS Officer Babulal Agrawal
The Delhi High Court last week stayed the proceedings before Adjudicating Authority in a PMLA case against a company namely Prime Ispat Ltd, it's director and managing director. The company is allegedly owned by Babulal Agrawal, former IAS Officer of 1988 Batch serving in the State Government of Chhattisgarh.The company had challenged the Provisional Attachment Order issued by the Enforcement Directorate along with complaint and show cause notice against it.Justice Rekha Palli issued notice on...
Delhi High Court Expresses Displeasure Over Centre's Vague Affidavit In Plea For Making PMLA Appellate Tribunal Functional
The Delhi High Court on Tuesday expressed its displeasure on Centre's affidavit failing to set out the timeline as to when the Prevention of Money Laundering Act (PMLA) Appellate Tribunal would become functional.The Court was dealing with a petition seeking a direction on Centre to appoint Chairperson to the Appellate Tribunal, PMLA in order to get an expeditious decision on petitioner's pending appeal.Perusing the status report filed by the Centre, Justice Rekha Palli said:"Though a status...
Centre To Seek Transfer Of Mehbooba Mufti's Plea Challenging Vires Of PMLA Before Delhi High Court To Supreme Court
The Central Government today informed the Delhi High Court that intends to seek transfer of the plea filed by former Chief Minister of Jammu & Kashmir, Mehbooba Mufti, challenging the vires of the Prevention of Money Laundering Act, 2002 (PMLA), to the Supreme Court.Solicitor General Tushar Mehta informed the Bench led by Chief Justice DN Patel that a similar matter is already pending before the Supreme Court and therefore, to avoid "multiplicity of proceedings" the Government will file an...
"Centre Expected To Ensure PMLA Appellate Tribunal Becomes Functional By September": Delhi High Court
The Delhi High Court has said that it expects the Centre to ensure that the Prevention of Money Laundering Act (PMLA) Appellate Tribunal becomes functional by September 14, the next date of hearing.The remark was made by Justice Rekha Palli on noting that the Court is flooded with various writ petitions assailing Tribunal orders, due to non-functioning of the Appellate Tribunal."It is expected that before the next date, the respondent no.1 will make an endeavour to ensure that the...
Probing Offence Under PMLA An Intricate Exercise Of 'Skills & Patience': Delhi Court Sends Ambience Mall Owner To ED Remand Till August 7
A Delhi Court on Thursday sent Raj Singh Gehlot, owner of the Gurugram-based Ambience Mall to the Enforcement Directorate's remand till August 7 [after his previous remand custody ended on August 5] in connection with a money laundering case for allegedly siphoning off the loan amount and diverting funds while entering into a criminal conspiracy."Investigation of an offence under PMLA in itself is an intricate exercise of skills and patience. The very nature of offence requires sustained...