Arrest Of Any Accused Under Money Laundering Act Is Not Wrong
Arrest of any accused under the Money Laundering Act is not wrong: The big decision of the Supreme Court.
A major decision has come from the Supreme Court on petitions challenging various provisions of the Prevention of Money Laundering Act (PMLA).
The Supreme Court has upheld the validity of various provisions of the Prevention of Money Laundering Act (PMLA).
The Supreme Court has held that the Enforcement Case Information Report (ECIR) cannot be clubbed with the FIR and that the ECIR is an internal document of the Enforcement Directorate.
Supply of ECIR to the accused is not mandatory and disclosure of reasons during the arrest is sufficient.
Supreme Court had kept the order safe.
On July 15, the Supreme Court said that it is almost ready to decide on the petitions challenging the provisions of the Prevention of Money Laundering Act (PMLA).
Subsequently, the Supreme Court reserved its order on petitions challenging certain provisions of the Prevention of Money Laundering Act (PMLA).
Those who have filed this petition in the Supreme Court include Karti Chidambaram and former Jammu and Kashmir Chief Minister Mehbooba Mufti.
The petitioners had raised several issues, including the absence of a procedure for initiation of investigation and initiation of summons.
Mehbooba Mufti challenged.
Mehbooba Mufti had challenged the constitutional right of section 50 and the provision of the Prevention of Money Laundering Act 2002.
Section 50 of the PMLA empowers the ‘authority’ i.e. officers of the Enforcement Directorate to summon any person to give or produce evidence.
All the persons summoned are bound to answer the questions asked to them and produce the required documents by the ED officials. Failure to do so may result in punishment under PMLA.
Central government defends amendments in PMLA.
However, the Center upheld the constitutional validity of the provisions of the PMLA.
The Center had defended the amendments to the PMLA and said that money laundering is not only a threat to the financial systems but also to the integrity and sovereignty of the nations.
Because money laundering is not only done by corrupt businessmen like Vijay Mallya or Nirav Modi but also by terrorist groups. Altogether 242 appeals have been filed on this issue.
Prominent names that have come under ED’s scrutiny include Congress’ Sonia Gandhi, who was questioned on Tuesday.
Apart from this, former Jammu and Kashmir Chief Minister Farooq Abdullah and Trinamool Congress’s Partha Chatterjee are also involved.
