Cancelling two arrests in a money-laundering case yesterday, the Supreme Court, in a sharp rebuke for the Enforcement Directorate, said the probe agency could not be vindictive and must be seen to act with the highest degree of fairness.
India News: The Supreme Court was refering to non-conformity of legal provisions while arresting two directors of real estate firm M3M, Pankaj Bansal and Basant B
The Supreme Court has observed that a court, while exercising powers under Section 167 CrPC of remanding any person arrested by the Directorate of Enforcement, has a foremost duty to verify and.
Supreme Court indicts ED for arbitrary exercise of powers under Prevention of Money Laundering Act, 2002 tribuneindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneindia.com Daily Mail and Mail on Sunday newspapers.
While directing the immediate release of Gurugram-based realty company M3M group s directors, Pankaj Bansal and Basant Bansal, the Supreme Court ruled that a person cannot be arrested by the directorate of enforcement (ED) for mere non-cooperation, in response to a summons issued under section 50 of the Prevention of Money Laundering Act (PMLA).