16.1 C
New Delhi
December 7, 2023
News Bridge

Calcutta High Court Gives Clean Chit To Rashmi Metaliks In Money Laundering Case


Calcutta High Court on Wednesday gives clean chit to Rashmi Metaliks in money laundering case and turn down Enforcement Directorate’s plea of freezing its assets.

The Enforcement Directorate (ED) in July raided multiple premises of the West Bengal-based Rashmi group of companies and freeze its bank deposits with about ₹ 95 crore as part of a money laundering investigations.

The court observed that the ED took steps for search and seizure and freezing of the petitioner’s bank accounts after 7 years from the date on which all pending proceedings were stayed by the Supreme Court.
The court further stated that the impugned orders cannot be sustained either in law or in fact and stays the ED’s freezing orders dated July 13 and directed the financial investigation agency “not to act in terms of the said orders or take steps in furtherance thereto”.

“The prayer for stay made on behalf of the Enforcement Directorate is considered and refused given the findings and observations made in the Judgment,” reads the court order.

Related posts

Geetanjali Shree’s ‘Tomb Of Sand’ First Hindi Novel To Win International Booker Prize


J&K’s Sopore Law College Organizes Screening Of ‘Article 15’


Punjab Congress Crisis: Sonia Gandhi To Meet Captain Amarinder Singh In Delhi Today


Govt Gives Nod To The Formation Of Village Defence Guards In J&K


India Kickstarts Vaccination for 15-18 Age Group Amid Surge in Covid19 Cases


Lt Gen Manoj Pande To Take Over As New Chief of Indian Army


Leave a Comment