https://www.taxtmi.com/caselaws?id=752620 The Bombay HC quashed the Look Out Circular (LOC) issued by ED against petitioner in a money laundering case. Petitioner, working in Bahrain since education, appeared before ED seven times from December 2020 after returning to India during COVID-19. Despite ED's investigation since 2019 and petitioner's cooperation, no material evidence was found against him. Court held detention cannot be based solely on non-cooperation, especially when petitioner had been deprived of livelihood since December 2020. Given petitioner's two-decade work history in Middle East and lack of incriminating material, continued detention was inappropriate. Petition allowed. en-us Wed, 17 Apr 2024 00:00:00 +0530 Wed, 15 May 2024 09:18:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752620 The Bombay HC quashed the Look Out Circular (LOC) issued by ED against petitioner in a money laundering case. Petitioner, working in Bahrain since education, appeared before ED seven times from December 2020 after returning to India during COVID-19. Despite ED's investigation since 2019 and petitioner's cooperation, no material evidence was found against him. Court held detention cannot be based solely on non-cooperation, especially when petitioner had been deprived of livelihood since December 2020. Given petitioner's two-decade work history in Middle East and lack of incriminating material, continued detention was inappropriate. Petition allowed. Case-Laws Money Laundering Wed, 17 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752620