https://www.taxtmi.com/caselaws?id=445266 The Punjab and Haryana HC examined compliance with Section 19 of the PMLA regarding arrest procedures. While the ED possessed sufficient material documented in a 17-page investigation report to believe the petitioner was guilty of money laundering offenses, and proper approvals were obtained, the court found the arrest invalid. Following the SC precedent in Pankaj Bansal v. Union of India, the court held that grounds of arrest must be conveyed in writing to the accused to enable meaningful defense under Section 45's bail provisions. Since this requirement was not met, the petitioner's arrest and subsequent remand orders were unsustainable, and the petition was allowed. en-us Wed, 18 Oct 2023 00:00:00 +0530 Fri, 03 Nov 2023 12:33:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445266 The Punjab and Haryana HC examined compliance with Section 19 of the PMLA regarding arrest procedures. While the ED possessed sufficient material documented in a 17-page investigation report to believe the petitioner was guilty of money laundering offenses, and proper approvals were obtained, the court found the arrest invalid. Following the SC precedent in Pankaj Bansal v. Union of India, the court held that grounds of arrest must be conveyed in writing to the accused to enable meaningful defense under Section 45's bail provisions. Since this requirement was not met, the petitioner's arrest and subsequent remand orders were unsustainable, and the petition was allowed. Case-Laws Money Laundering Wed, 18 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445266