https://www.taxtmi.com/caselaws?id=765598 Bombay HC directed CBI to form a Special Investigation Team under Zonal Director supervision to investigate allegations of financial fraud involving thousands of crores. The case concerned misappropriation of public funds, money laundering through shell companies in tax havens, and fraudulent activities spanning multiple jurisdictions including Mauritius, USA, Australia, and UAE. Both EOW and CBI were reluctant to investigate despite the magnitude of alleged crimes involving nationalized banks and international entities. The court emphasized need for fair investigation given national and international ramifications, ruling that HC has jurisdiction to direct CBI investigation without state consent when necessary for impartial inquiry. en-us Fri, 31 Jan 2025 00:00:00 +0530 Wed, 05 Feb 2025 08:38:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765598 Bombay HC directed CBI to form a Special Investigation Team under Zonal Director supervision to investigate allegations of financial fraud involving thousands of crores. The case concerned misappropriation of public funds, money laundering through shell companies in tax havens, and fraudulent activities spanning multiple jurisdictions including Mauritius, USA, Australia, and UAE. Both EOW and CBI were reluctant to investigate despite the magnitude of alleged crimes involving nationalized banks and international entities. The court emphasized need for fair investigation given national and international ramifications, ruling that HC has jurisdiction to direct CBI investigation without state consent when necessary for impartial inquiry. Case-Laws Money Laundering Fri, 31 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765598