https://www.taxtmi.com/caselaws?id=280054 Allegations of large-scale accumulation and possible laundering of illicit wealth, coupled with the limited progress of existing State and central agency inquiries, justified transfer of the investigation to an independent agency. The Court emphasised that the involvement of former high public functionaries, the possibility of local influence, and the need to preserve evidence warranted a comprehensive and impartial probe in the interest of justice and public confidence. It also noted that the accused could not obstruct further inquiry by disputing whether proceeds had been projected as untainted. The investigation was directed to be transferred to the CBI, with coordination with the Enforcement Directorate left open if material indicating money laundering emerged. en-us Wed, 04 Aug 2010 00:00:00 +0530 Wed, 28 Feb 2024 15:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280054 Allegations of large-scale accumulation and possible laundering of illicit wealth, coupled with the limited progress of existing State and central agency inquiries, justified transfer of the investigation to an independent agency. The Court emphasised that the involvement of former high public functionaries, the possibility of local influence, and the need to preserve evidence warranted a comprehensive and impartial probe in the interest of justice and public confidence. It also noted that the accused could not obstruct further inquiry by disputing whether proceeds had been projected as untainted. The investigation was directed to be transferred to the CBI, with coordination with the Enforcement Directorate left open if material indicating money laundering emerged. Case-Laws Money Laundering Wed, 04 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280054