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.
Justice Prashant Kumar Mishra recused himself from hearing Jacqueline Fernandez’s plea in the Rs 200-crore money laundering case involving Sukesh Chandrashekhar, citing a conflict of interest arising from a connected matter. The Supreme Court directed that the case be listed on June 25 before a different Bench.
The Delhi High Court quashed the EOW FIR and ED’s ECIR against NewsClick and founder Prabir Purkayastha, holding that allegations concerning FDI and financial irregularities disclosed no cognisable offence. The Court termed the proceedings mala fide and an abuse of power targeting independent journalism.
The Karnataka High Court held that the Enforcement Directorate must strictly comply with statutory requirements before provisionally attaching property under the PMLA, emphasizing that mere reproduction of legal provisions cannot replace genuine application of mind or justify attachment without specific material supporting such action.
