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2014 (2) TMI 1275 - HC - Money LaunderingValidity of summons issued under Section 50(2) of PMLA - whether summons are illegal, arbitrary and violation of principles of natural justice and violation of Articles 14 and 21 of the Constitution of India and violation of Section 50 of Prevention of Money Laundering Act, by holding that the respondents 2 and 3 have no authority or jurisdiction to issue summons? - Held that:- Section 50(2) of the Act, vest power in the competent authority to summon any person whose attendance he considers necessary whether to give evidence or to produce any records during the course of any investigation or proceeding under the Act. As noted above, ECIR is registered in accordance with the crimes already registered against the petitioner and others and the investigation is taken up in pursuant to the ECIR. Thus, the power of competent authority to summon the petitioner, impugned in this writ petition is traceable to Section 50(2) of the Act 2002. Thus, it cannot be said that there is no power vested in the Assistant Director to summon the petitioner as alleged by the petitioner. No merit in the writ petition.
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