https://www.taxtmi.com/caselaws?id=769484 The SC examined the ED's power to transfer Fixed Deposit amounts during money laundering proceedings under the PMLA. The Court held that the ED lacks statutory authority to direct bank transfers of attached funds before final confiscation by the Special Court. The attachment order remains valid, but transferring property ownership during pending proceedings exceeds the ED's legal powers. The Court quashed the ED's transfer direction, preserving the petitioner's rights to challenge the attachment through available legal remedies. en-us Tue, 22 Apr 2025 00:00:00 +0530 Sat, 26 Apr 2025 08:30:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769484 The SC examined the ED's power to transfer Fixed Deposit amounts during money laundering proceedings under the PMLA. The Court held that the ED lacks statutory authority to direct bank transfers of attached funds before final confiscation by the Special Court. The attachment order remains valid, but transferring property ownership during pending proceedings exceeds the ED's legal powers. The Court quashed the ED's transfer direction, preserving the petitioner's rights to challenge the attachment through available legal remedies. Case-Laws Money Laundering Tue, 22 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769484