The Delhi High Court has asked the Enforcement Directorate (ED) to respond to a petition by businessman Arun Ramchandra Pillai challenging his arrest and remand in a money laundering case related to a Delhi excise policy scam. The petitioner argued that the arrest and remand orders were in violation of the Prevention of Money Laundering Act and violated his constitutional rights.
ED initiated an investigation on the basis of an FIR registered by Rajpur PS, Dehradun against Pushpanjali Realms and lnfratech, its directors and others under various sections of IPC for cheating and duping the innocent flat buyers after taking advance payments for booking of flats in respect of construction projects of the Company.
The Supreme Court of India has agreed to hear a set of petitions seeking to reconsider a judgment upholding the provisions of the Prevention of Money Laundering Act (PMLA). The court will hear the arguments of both the petitioners and the government on November 22. The landmark judgment, delivered in July 2022, upheld the constitutional validity of the PMLA. The Solicitor General urged the court to defer the hearing, citing a pending review of India s money-laundering investigations by the Financial Action Task Force (FATF).