ED can't arrest after special court takes cognizance of PMLA complaint: Supreme Court
The Supreme Court on Thursday held that the Enforcement Directorate cannot arrest an accused person after the special court has..
Prevention of Money Laundering Act, 2002 is an Act of the Parliament of India enacted by the NDA government to prevent money-laundering and to provide for confiscation of property derived from money-laundering. PMLA and the Rules notified there under came into force with effect from July 1, 2005. The Act and Rules notified there under impose obligation on banking companies, financial institutions and intermediaries to verify identity of clients, maintain records and furnish information in prescribed form to Financial Intelligence Unit - India (FIU-IND).
The Supreme Court on Thursday held that the Enforcement Directorate cannot arrest an accused person after the special court has..
Alam, 70, has been asked to depose at the zonal office of the ED in Ranchi on Tuesday for recording his statement under the..