<h1>Political Leader Challenges Money Laundering Case, Argues Financial Transaction Misinterpreted as Criminal Offense Under Prevention of Money Laundering Act</h1> A senior political leader accused the Enforcement Directorate of abusing power by filing a money laundering case against opposition party leaders in the National Herald case. He argued there were no crime proceeds and claimed the loan-to-equity conversion was a standard financial practice. The leader defended the party's actions, asserting no money was distributed and the allegations were baseless. The ED had filed a chargesheet alleging laundering of significant funds.