https://www.taxtmi.com/caselaws?id=305385 The court dismissed the criminal petitions seeking to quash FIRs related to allegations of loan fraud, emphasizing the seriousness of the accusations and the need for a thorough investigation. The petitioners' argument that accepting a One Time Settlement (OTS) should absolve them of criminal liability was rejected, with the court highlighting that economic offences have broader implications. The court directed the petitioners to cooperate with ongoing investigations by the Central Bureau of Investigation and the Enforcement Directorate, stressing the importance of rigorously addressing economic offences to safeguard the nation's financial and economic stability. en-us Tue, 22 Dec 2020 00:00:00 +0530 Fri, 02 Dec 2022 06:28:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305385 The court dismissed the criminal petitions seeking to quash FIRs related to allegations of loan fraud, emphasizing the seriousness of the accusations and the need for a thorough investigation. The petitioners' argument that accepting a One Time Settlement (OTS) should absolve them of criminal liability was rejected, with the court highlighting that economic offences have broader implications. The court directed the petitioners to cooperate with ongoing investigations by the Central Bureau of Investigation and the Enforcement Directorate, stressing the importance of rigorously addressing economic offences to safeguard the nation's financial and economic stability. Case-Laws Money Laundering Tue, 22 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305385