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ED attaches assets worth Rs 6 3cr of Saradha Group of Companies

The Enforcement Directorate (ED) of Kolkata wing on Friday said it has attached movable assets worth Rs 3.30 crore and immovable assets with value of over Rs 3 crore in the course of an ongoing investigation into the matter of Saradha Group of .

Enforcement Directorate s Power Confined To : Delhi Court s Big Order

The Delhi High Court has held that the ED has the power to investigate and inquire into an offence of money laundering under the PMLA only, and it cannot assume that a predicate offence has been committed.

ED cannot investigate offence other than money laundering, cannot assume that predicate offence has been committed: Delhi High Court

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