The Allahabad High Court quashed money laundering proceedings against Tulsiani Construction and its directors, holding that civil and commercial disputes cannot be converted into criminal prosecutions under the Prevention of Money Laundering Act. The Court also set aside the ED’s summoning and attachment actions.
The Lucknow Bench of the Allahabad High Court quashed criminal proceedings and summons issued against Wipro chairman Azim Premji and senior company officials in an alleged labour law violation case linked to the company’s Ghaziabad office, while allowing their petition challenging the prosecution proceedings.
A Singapore court sentenced Byju’s founder Byju Raveendran to six months’ imprisonment for contempt over alleged non-compliance with disclosure orders, while directing payment of legal costs and ownership documents, though Raveendran denied wrongdoing, described the ruling as procedural and announced plans to appeal against it.
