Property Seized by ED Must be Returned if PMLA Investigation Exceeds 365 Days: Delhi HC [Read Order]

The Delhi HC observed that the property seized by the ED must be returned if the investigation conducted under the PMLA exceeds 365 days
Delhi High Court - ED - Property Seized by ED - PMLA - PMLA Investigation - Enforcement Directorate - TAXSCAN

In a recent decision, the Delhi High Court observed that the property seized by the Enforcement Directorate ( ED ) must be returned if the investigation conducted under the Prevention of Money Laundering Act, 2002 ( PMLA ) exceeds 365 days. It was alleged that the Central Bureau of Investigation, against BPSL, its Directors, and…

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