The Delhi High Court has ruled that profits made from investing bribe money in the stock market remain “proceeds of crime” under the PMLA. The court said appreciation in value doesn’t cleanse the tainted origin of bribe-derived funds.
Karnataka: The Karnataka High Court on Friday, 7th March, quashed the summons issued by the Enforcement Directorate (ED) to Chief Minister Siddaramaiah’s wife, BM Parvathi, in connection with the Mysore Urban Development Authority (MUDA) land scam case. The court also canceled the summons sent to State Minister Byrathi Suresh, who was not named as an accused but was called for questioning by the ED.
MUMBAI: The Bombay High Court, on Tuesday, criticized the Enforcement Directorate (ED) for initiating a money laundering investigation against a real estate developer without proper grounds. The court imposed a fine of Rs 1 lakh each on the ED and the complainant, asserting that central agencies cannot misuse their authority to harass citizens.
The Enforcement Directorate (ED) opposes Arvind Kejriwal’s bail, claiming the trial court’s decision was illegal. They allege Kejriwal’s deep involvement in money laundering and the Aam Aadmi Party’s (AAP) benefit from illicit funds. The ED also criticizes the judge for disregarding Kejriwal’s role in the money laundering case. Kejriwal has appealed to the Supreme Court for bail.
On Wednesday(10th April), The Enforcement Directorate has sought an arrest warrant for AAP MLA Amanatullah Khan, linked to a money laundering case related to irregular appointments in the Delhi Waqf Board. The ED alleges that Khan has not cooperated with the investigation, while incriminating materials seized suggest his involvement in money laundering. Khan has been summoned to court.