PMLA
Supreme Court Refuses To Interfere With Bail Granted To Vuenow Group Director In ₹3,717 Crore Money Laundering Case
The Supreme Court on Friday refused to interfere with the Punjab and Haryana High Court's order granting regular bail to Dimple Kharour, a director of Vuenow Group companies, in a money laundering case linked to an alleged ₹3,717 crore investment fraud.The ED alleged that Vuenow Marketing Services Limited and associated companies sold cloud storage assets under a sale and leaseback scheme, using funds from new investors to pay assured returns to earlier investors.A division bench of Justices...
Appeals Against FERA Penalties Can Be Heard As Criminal Appeals Under FEMA: Calcutta High Court
The Calcutta High Court has held that appeals challenging penalties for alleged contraventions of the Foreign Exchange Regulation Act, 1973 (FERA), can be heard as criminal appeals even though they were filed after the enactment of the Foreign Exchange Management Act, 1999 (FEMA).Justice Ananya Bandyopadhyay overruled the Enforcement Directorate's objection that the appeals should be heard as civil revenue appeals on the High Court's Original Side."In view of the statutory scheme of Section...
ED Cannot Arrest Accused Without Fresh Material After Seeking Further Questioning On Existing Evidence: Bombay HC
The Bombay High Court has held that the Enforcement Directorate could not arrest a person on the same material it had relied upon to seek further questioning in the absence of any fresh incriminating material or supervening circumstances.Justice Milind N Jadhav quashed the remand orders passed by the Special Court on June 23, June 29 and July 4, 2026 against Jitendra Pandey, along with subsequent remand orders, and directed his immediate release from prison.The Court also refused the ED's...
CMRL-Exalogic Case: Kerala High Court Stays Investigation Against Pinarayi Vijayan, Kin For Four Weeks
The Kerala High Court on Monday stayed the operation of a Single Judge's order directing the registration of an FIR against former Chief Minister Pinarayi Vijayan, his daughter Veena Vijayan, and others in the CMRL-Exalogic case. The Court admitted all four appeals challenging the Single Judge's order and directed that further investigation into the FIR be kept in abeyance for four weeks.A coram of Justices K Natarajan and Johnson John posted the appeals for the final hearing on November...
Supreme Court Issues Notice on Builder's Bail Plea In ₹126.30 Crore Money Laundering Case
The Supreme Court on Monday issued notice on a plea filed by Unnati Fortune Holdings Ltd. (UFHL) promoter and builder Anil Mithas challenging the rejection of his bail application in a money laundering case involving the alleged diversion of ₹126.30 crore collected from homebuyers for the company's Aranya project.On September 16, 2026, the Allahabad High Court rejected builder Anil Mithas's bail application, observing that he was accused of diverting ₹126.30 crore collected from homebuyers, a...
Delhi HC Orders ED To Release Seized Assets Of M3M Group Promoters After ₹404 Crore Property Attachment
The Delhi High Court has directed the Enforcement Directorate (ED) to release cash, jewellery, vehicles, and fixed deposits seized from M3M Group promoters, noting that the agency had subsequently attached properties worth ₹404 crore belonging to the group.A coram of Justice Mini Pushkarna passed the order while hearing a writ petition filed by Roop Bansal and others challenging, among other things, the seizure of assets and freezing of bank accounts by the ED.The Court also directed the release...
Bombay High Court Directs ED To Return Chellaram Mills Director's Seized Assets After 180-Day Limit
The Bombay High Court on 14 October directed the Enforcement Directorate (ED) to return documents and digital devices seized from Mukesh Talreja, Director of Chellaram Mills, and unfreeze his locker after the 180-day retention period under the Prevention of Money Laundering Act (PMLA) expired. A Bench of Justices Bharati Dangre and Ashish S Chavan allowed Talreja's writ petition challenging the seizure of documents and digital devices and the freezing of his locker. They observed: “…we find...
Bombay High Court Sets Aside Attachment Of ₹25 Crore Properties Linked To Businessman Avinash Bhosale
The Bombay High Court has set aside the continued attachment of properties worth ₹25 crore belonging to entities associated with businessman Avinash Bhosale, holding that the Enforcement Directorate (ED) failed to establish a link between the properties and alleged proceeds of crime.A coram of Justices A.S. Gadkari and Kamal Khata was hearing cross-appeals against an April 1, 2026 order of the Appellate Tribunal, New Delhi under the Smugglers and Foreign Exchange Manipulators (Forfeiture of...
CMRL-Exalogic Case: Supreme Court Stays Investigation Against Kerala Ex-CM Pinarayi Vijayan, Kin, For A Week
The Supreme Court on Wednesday stayed the investigation in the FIR registered against former Kerala Chief Minister Pinarayi Vijayan and her daughter in the CMRL-Exalogic case for a week.It also set aside the Kerala High Court Division Bench's order dismissing his plea for leave to appeal, allowing him to pursue the appeal before the Division Bench and seek interim relief. A bench of Justice Joymalya Bagchi and Justice V. Mohana passed the order. It clarified that its observations were limited...
Karnataka High Court Refuses Winzo US Plea To Transfer PMLA-Attached Funds To Another US Bank
The Karnataka High Court on 9 October refused to permit Winzo US Inc. to transfer funds held in its attached Silicon Valley Bank accounts to another bank in the United States, while allowing it to approach the Enforcement Directorate (ED) to seek transfer of the funds to the agency's designated account in India. Justice C.M. Poonacha noted that funds already covered by attachment orders cannot be transferred in a manner that could dilute the effect of the attachment and its confirmation under...
Supreme Court Grants Bail To Sahara Group Functionary In ₹76 Crore Money Laundering Case
The Supreme Court on Friday granted bail to Anil Vailaparampil Abraham, a former senior functionary of the Sahara Group, in a money laundering case linked to the alleged diversion of ₹76.29 crore in connection with the sale of Sahara Prime City property in Berhampur, Odisha. The Calcutta High Court on July 24, 2026 dismissed the bail plea, holding that Abraham failed to satisfy the twin conditions under Section 45 of the Prevention of Money Laundering Act. It observed that the petitioner's...
Delhi High Court Grants Bail To Former RCOM Executive In Alleged ₹149.77 Crore Money Laundering Case
The Delhi High Court on Thursday granted regular bail to former Reliance Communications (RCOM) executive Punit Narendra Garg in a money laundering case involving alleged diversion of loan funds used to acquire a yacht and an overseas apartment. The Enforcement Directorate (ED) has alleged that transactions involving these assets and payments towards his daughters' educational expenses generated proceeds of crime worth approximately ₹149.77 crore.Justice Sanjeev Narula held that Garg's...