<h1>TASMAC Loses Legal Battle: ED Authorized to Probe Alleged Financial Irregularities in Liquor Operations Under PMLA</h1> The Madras High Court dismissed petitions by TASMAC and the state government challenging Enforcement Directorate raids on its premises. The court directed ED to proceed with investigations under the Prevention of Money Laundering Act. ED alleged serious financial fraud involving distillery and bottling companies through unaccounted cash and illicit payments. TASMAC sought to prevent employee harassment and challenged the investigation's territorial jurisdiction.