Prevention of Money Laundering Act (PMLA) News

The SC said that Section 19 which deals with the power to arrest does not suffer from the "vice of arbitrariness" A special court can look into the relevant records presented by the ED when the arrested person is produced before it, the Supreme Court said This will answer the need for the person's continued detention in connection with the alleged offence of money laundering, it said

Deshmukh has been summoned for questioning in a money laundering case related to charges of bribery of Rs 100 crore, officials said. ED had Friday night arrested his personal secretary Sanjeev Palande and personal assistant Kundan Shinde after it carried out raids against them and Deshmukh in Mumbai and Nagpur. They will be produced before a special PMLA court in Mumbai on Saturday where the ED will seek their remand for custodial interrogation, officials said.

The FIU obtains reports from banks and other institutions and sends them for action to investigative and enforcement agencies that are mandated under the law to combat economic crimes.

The visiting officials of the two central probe agencies will also submit the chargesheet filed by the Enforcement Directorate in the case last month in Mumbai, said a senior official in the Mallya probe team.

Additional Sessions Judge R K Tripathi extended the ED custody of Yogesh Mittal, a resident of Model Town area, till June 13.

Chhagan Bhujbal was arrested on March 14 under the provisions of the Prevention of Money Laundering Act (PMLA) by the ED after establishing links between illicit funds filling Bhujbal`s empire and deals which led to this.