https://www.taxtmi.com/caselaws?id=771184 Delhi HC held that FEMA enactment does not grant immunity from IPC prosecution for underlying criminal acts leading to foreign exchange violations. The court validated ED's arrest of petitioners under PMLA and registration of FIR by Delhi Police based on ED's complaint from search operations. However, Delhi Police's arrest was quashed for failing to specify grounds as mandated by SC precedent, requiring only general reasons rather than specific roles and incriminating circumstances. Petitioners were ordered released on personal bonds of Rs. 5 lacs each with two sureties. en-us Thu, 15 May 2025 00:00:00 +0530 Thu, 22 May 2025 08:21:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771184 Delhi HC held that FEMA enactment does not grant immunity from IPC prosecution for underlying criminal acts leading to foreign exchange violations. The court validated ED's arrest of petitioners under PMLA and registration of FIR by Delhi Police based on ED's complaint from search operations. However, Delhi Police's arrest was quashed for failing to specify grounds as mandated by SC precedent, requiring only general reasons rather than specific roles and incriminating circumstances. Petitioners were ordered released on personal bonds of Rs. 5 lacs each with two sureties. Case-Laws Money Laundering Thu, 15 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771184