Home Case Index All Cases Money Laundering Money Laundering + SC Money Laundering - 2011 (3) TMI SC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2011 (3) TMI 1703 - SC - Money LaunderingChallenging the judgment of HC for transferring investigation from the Enforcement Directorate (ED) to the CBI - Money Laundering - amassing of illicit wealth - unprecedented amounts - investment in property, shares - in India and abroad - former Ministers - In present case, the basic allegation is amassing of illicit wealth by various former Ministers of the State. The money alleged to have been so earned is of unprecedented amounts and their investment in property, shares etc. not only in India but also abroad. Therefore, he HC also observed that the Central Govt. should exercise the powers u/s 45(1A) of the PML Act for transferring investigation from the ED to the CBI. If such an order is not passed by the Central Govt, any material found by the CBI during investigation, which leads to an inference of money laundering will be shared by the CBI with the ED from time to time, to enable the ED to take such action, as may be necessary. The appellant, aggrieved by the said judgment preferred this appeal. HELD THAT:- On consideration of the totality of the facts and circumstances, we are clearly of the view that no interference is called for. the CBI is investigating into the commission of these offences alone and presently is not investigating any offence under the PML Act as the investigation under the PML Act is solely and exclusively within the jurisdiction and domain of the ED, which is of course subject to the exercise of powers by the Central Govt. u/s 45 (1-A) of the Act.
|