SC Affirms ED’s powers to arrest and powers to summon under PMLA
In a landmark judgement today, the Hon SC, has upheld the powers of the ED under the PMLA. The law will now continue to pursue justice and ensure that the corrupt are jailed and the illegally acquired properties continue to be attached under the PMLA.
The Apex Court has further held that ED can carry out investigations under the PMLA even without an FIR in the predicate offence.
This has conclusively established that the offence of money laundering under the PMLA is a standalone offence and is independent of the proceedings under the scheduled offences (under different laws).
The Apex Court has also held that the officers of the ED are not police officials under CRPC and hence the statements recorded by ED officials under the PMLA are admissible as evidence in the court of law. The strict bail conditions will continue to hound the corrupt and make the administration of justice more significant.
Dr. Rajeshwar Singh
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