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Supreme Court upholds strict rulings of Money Laundering Law | India latest news

Supreme Court upholds strict rulings of Money Laundering Law |  India latest news

Supreme court on Wednesday upheld strict provisions of ban of money laundering law in Regarding the expanded definition of proceeds of crimeinspection and confiscation, power of arrestroadblock of Characteristics and hard warranty terms.

The verdict is issued by three judges bench of Judges AM Khanwilkar, Dinesh Maheshwari and CT Ravi Kumar likely to influence a large number of Opposition leaders who under the scanner of Implementation Directorate, Central Investigation Agency responsible for fighting financial crimes in India.

Many politicians including Congress leader Karti Chidambaram and former President of Jammu and Kashmir minister Mehbooba Mufti challenged various judgments of PMLA. The petitioners claimed that the law is in violation of Constitutional guarantee of The right to freedom and the right against Self-incrimination under Articles 20 and 21. They had also Raised many issues including one of absence of Procedure to start the investigation and summon and the absence of the accused made Aware of Contents of Enforcement Status Information Report (ECIR).

the Union government He defended the strict rulings on the pretext of it money laundering is a threat not only to financial systems but integrity and sovereignty of Nation.

The court said in He instructed her that ECIR cannot be equated with FIR because it is an internal document of Implementation Directorate. He. She added ECIR is not mandatory but anyone can ask for records before a special Court if continued imprisonment is necessary. court also Confirm that emergency department officers are not obligated to reveal the land of arrest During the detention of the accused in money laundering issue.

“dir_ed above and beyond,” Karti Chidambaram, one of The petitioners, tweeted soon after judgment.

The ruling comes on the day the head of the emergency department called interim Congress President Sonia Gandhi for Questioning in National Herald case for the third day. The BJP Chairman JP Nada said that the provisions of The PMLA has been upheld by the Supreme Court and is running its course.

‘Conference party trying to keep it one family Above the law no work. We must respect the law of The agency quoted Neda as saying.


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