HC upholds ED proceedings against former Minister Katta, family
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Contention that he could not have been proceeded under PML Act rejected
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Contention that he could not have been proceeded under PML Act rejected
In a setback to the former Minister Katta Subramanya Naidu, the High Court of Karnataka has upheld the proceedings initiated by the Enforcement Directorate (ED) against him, his wife, and eight other family members on the allegation of money laundering.
“There is absolutely no basis for the petitioners to seek quashing of the attachment and consequent confiscation proceedings initiated against them on the purported plea that the same is violative of Article 20(1) of the Constitution of India. No legal right having been accrued in favour of the petitioners to hold on or to enjoy the proceeds of crime, the source of which cannot be explained by them,” the court observed.
High Court upholds ED’s actions against firms, individuals in money laundering probes
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The High Court of Karnataka has upheld the actions initiated by the Enforcement Directorate (ED) under the Prevention of Money Laundering (PML) Act in different cases against various companies, financial institutions and individuals, and dismissed the petitions filed by them challenging the legality of ED’s proceedings.
The High Court held that the provisions of the PML Act that allows attachment of properties till the final outcome of the trial are constitutionally valid while also holding that it is not necessary in law that a person will have to be an accused in a scheduled offence for proceedings against him under the PML Act.