Money Laundering Act
Supreme Court to review Money Laundering Act verdict today
New Delhi/IBNS: The Supreme Court will Thursday review the Money Laundering Act verdict, which has upheld the Enforcement Directorate (ED)'s extensive powers, media reports said.
In a crucial judgement last month, the Supreme Court upheld the power of Enforcement Directorate (ED) trashing all objections raised against the investigating agency.
The apex court has upheld almost all provisions of the Prevention of Money Laundering Act or PMLA.
The petitioners, who had objected to the ED power, argued the agency's unchecked authority in arresting the accused without informing him/her the ground of arrests is unconstitutional.
Presently, the ED is probing two crucial cases with at least one having national implications, the National Herald case and Teacher Recruitment scam in West Bengal.
Congress interim president Sonia Gandhi and his politician son Rahul Gandhi are already being quizzed by the ED in the money laundering case linked to the National Herald newspaper.
On the other hand, West Bengal Minister and Trinamool Congress (TMC) secretary general Partha Chatterjee has been arrested by the ED in connection with the School Service Commission (SSC) scam and the recovery of cash worth Rs. 21 crore from his aide Arpita Mukherjee's residence.
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