SFIO Probe Not a Bar to PMLA Proceedings; ED’s ₹6000 Crore Forex Scam Provisional Attachment Upheld: Delhi High Court
The Delhi High Court has delivered an important judgment clarifying that an investigation conducted by the Serious Fraud Investigation Office into a company’s affairs does not stop or restrict simultaneous proceedings under the Prevention of Money Laundering Act, 2002. The case came before a division bench of Justices Anil Kshetarpal and Harish Vaidyanathan Shankar, who dismissed a petition filed by several accused individuals challenging the provisional attachment of their movable…
