Skip to main content

PMLA: After SC order, seized assets worth Rs 1L cr to remain with ED

The Supreme Court's order on Wednesday upholding ED's power to seize and attach properties under PMLA has ensured that assets worth over Rs 1 lakh crore, allegedly linked to cases being investigated by the anti-money laundering agency, will remain under its custody. An unfavourable verdict would have resulted in the release of the assets in question, and the ED would have been stripped of the power to carry out similar seizures as "proceeds of crime".

The Supreme Court's order on Wednesday upholding ED's power to seize and attach properties under PMLA has ensured that assets worth over Rs 1 lakh crore, allegedly linked to cases being investigated by the anti-money laundering agency, will remain under its custody. An unfavourable verdict would have resulted in the release of the assets in question, and the ED would have been stripped of the power to carry out similar seizures as "proceeds of crime". from Times of India https://ift.tt/QyI1KUP
Labels:

Comments

Post a Comment

Popular posts from this blog

Airtel-Tata DTH merger talks fail, Airtel informs BSE

Bharti Airtel and Tata Group have called off their discussions to merge Airtel Digital TV and Tata Play due to unresolved issues. The proposed deal, aimed at combining the two loss-making DTH operations, involved a share swap where Airtel would potentially hold a majority stake. Bharti Airtel and Tata Group have called off their discussions to merge Airtel Digital TV and Tata Play due to unresolved issues. The proposed deal, aimed at combining the two loss-making DTH operations, involved a share swap where Airtel would potentially hold a majority stake. from Times of India https://ift.tt/gt5oqs7
Post a Comment
Read more

From 'I love you' to trade talk: What Jerry Jones said about Micah Parsons

Dallas Cowboys traded Micah Parsons to Green Bay Packers. This move frees up 19 million dollars. Cowboys now have 42 million dollars in cap space for 2025. This allows them to sign other players. They can extend contracts of DaRon Bland and Tyler Smith. Jerry Jones mentioned Parsons could bring resources in a trade. Dallas Cowboys traded Micah Parsons to Green Bay Packers. This move frees up 19 million dollars. Cowboys now have 42 million dollars in cap space for 2025. This allows them to sign other players. They can extend contracts of DaRon Bland and Tyler Smith. Jerry Jones mentioned Parsons could bring resources in a trade. from Times of India https://ift.tt/dWALCNq
Post a Comment
Read more

'I don’t know what’s going on': Giannis Antetokounmpo stunned

Giannis Antetokounmpo's cryptic social media post reflects turmoil as the Milwaukee Bucks waived Damian Lillard due to injury and contract issues, paving the way for Myles Turner. This strategic move, aimed at enhancing Giannis's prime years, has reportedly left the superstar feeling "not thrilled." The Bucks are now at a critical juncture, balancing roster changes with team chemistry. Giannis Antetokounmpo's cryptic social media post reflects turmoil as the Milwaukee Bucks waived Damian Lillard due to injury and contract issues, paving the way for Myles Turner. This strategic move, aimed at enhancing Giannis's prime years, has reportedly left the superstar feeling "not thrilled." The Bucks are now at a critical juncture, balancing roster changes with team chemistry. from Times of India https://ift.tt/6fL4cDV
Post a Comment
Read more