https://www.taxtmi.com/caselaws?id=436126 Madras HC held that the Enforcement Directorate could continue investigation where the predicate FIRs and SEBI findings disclosed a prima facie scheduled offence under PMLA, including allegations of share-price manipulation, fund diversion and related-party transactions; the objection based on absence of punishment under the cited SEBI provision failed, and the investigation was maintainable. It also upheld the travel restriction and Look Out Circular, noting the petitioner's incomplete cooperation, pending analysis of electronic and financial material, and the need for his presence in India to preserve evidence and complete the inquiry. The writ petition was rejected, with directions to complete the investigation and file the complaint within the time fixed. en-us Wed, 29 Mar 2023 00:00:00 +0530 Wed, 05 Apr 2023 08:58:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436126 Madras HC held that the Enforcement Directorate could continue investigation where the predicate FIRs and SEBI findings disclosed a prima facie scheduled offence under PMLA, including allegations of share-price manipulation, fund diversion and related-party transactions; the objection based on absence of punishment under the cited SEBI provision failed, and the investigation was maintainable. It also upheld the travel restriction and Look Out Circular, noting the petitioner's incomplete cooperation, pending analysis of electronic and financial material, and the need for his presence in India to preserve evidence and complete the inquiry. The writ petition was rejected, with directions to complete the investigation and file the complaint within the time fixed. Case-Laws Money Laundering Wed, 29 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436126