Allahabad HC criticizes PMLA Accused's Lawyer for Sending Emails to Investigating Officer, Calls it Improper and Unethical [Read Order]
In a recent ruling, the Allahabad High Court criticized the conduct of a lawyer representing a Prevention of Money Laundering Act, 2002 (PMLA)...
Used Luxury Car Showroom Raid in Kozhikode, Kerala: Income Tax Dept unveils Rs. 102 Cr Black Money Transactions
Black money transactions totaling Rs 102 crores were uncovered in an income tax raid at a used car showroom in Kozhikode. The fraud reportedly took place at Royal Drive, owned by Malappuram native...
ED Can Launch Prosecution by Filing a Complaint for Violation of S. 3 and 4 of PMLA based on Predicate Offence: Punjab and Haryana HC [Read Order]
The Punjab and Haryana High Court has held that Enforcement Directorate ( ED ) can launch prosecution by filing a complaint for violation of Section 3 and Section 4 of Prevention of Money Laundering...
RBI grants Aadhaar Authentication Rights to Three Reporting Entities for PMLA Section 11A [Read Notification]
The RBI ( Reserve Bank of India ) has granted the authentication of Aadhar under Aadhaar Act for the purposes of section 11A of the Prevention of Money-laundering Act ( PMLA ), 2002. In a...
Rs 7.68 Crores Fraud against Home Buyers and Investors: Allahabad HC rejects Bail on Lack of Satisfaction u/s 45 of PMLA [Read Order]
The Allahabad High Court rejected bail on the lack of satisfaction under Section 45 of the Prevention of Money Laundering, 2002 ( PMLA ) in the matter relating to Rupees 7.68 crores fraud against...
No Travel Restrictions for Wife of PMLA accused as she is not Named in FIR: Delhi HC grants Bail [REad Order]
The Delhi High Court granted bail to the wife of the accused arrested under the Prevention of Money Laundering Act, 2002 ( PMLA ) as her name was not mentioned in the FIR. The Court held that there...
