Homebuyer funds diversion and alleged money laundering probe: challenge to ED arrest grounds u/s19(1) PMLA; notice issued Challenge was raised to provisional attachment, issuance of fresh arrest warrants, remand to ED custody, and refusal of discharge under s.227 CrPC, ...
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Homebuyer funds diversion and alleged money laundering probe: challenge to ED arrest grounds u/s19(1) PMLA; notice issued
Challenge was raised to provisional attachment, issuance of fresh arrest warrants, remand to ED custody, and refusal of discharge under s.227 CrPC, principally alleging non-compliance with s.19(1) PMLA on the ground that "reasons to believe" and grounds of arrest were formulated post-arrest. The HC had declined interference, relying on allegations of large-scale diversion and laundering of funds collected from numerous homebuyers. The SC did not adjudicate the legality of arrest, attachment, remand, or discharge; it issued notice and directed the matter to be heard along with connected SLPs.
Issue notice and direct that the matter "be taken up with SLP (Crl.) Nos.6100-6101/2024." Notice is to be served "by all modes, including dasti." The order further clarifies that it remains open to the petitioner "to apply for bail," and that such application "shall be considered and examined in accordance with law."
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