Enforcement Directorate attached Rs 3,034.90 crore assets in alleged bank fraud involving Reliance Communications. Total attachments in Reliance Anil Ambani Group cases now exceed Rs 19,344 crore under PMLA provisions.
The Supreme Court observed that prior notice before search and seizure could cripple investigations in the digital age. While hearing a PIL on Section 132 of the Income Tax Act, the Court upheld powers based on “reason to believe” to tackle undisclosed income.
