https://www.taxtmi.com/news?id=44474 The Supreme Court stayed the Enforcement Directorate's money laundering probe into the state run liquor retailer, holding the ED was crossing limits and implicating federal governance. Petitioners argued the ED's 60 hour search targeted a state instrumentality that was not an accused in predicate FIRs, that the agency lacked jurisdiction under the PMLA absent a predicate offence, and that the operation was a roving and fishing enquiry lacking the requisite reasons to believe. The Court issued notice on challenge to the Madras High Court order and recorded concern over enforcement overreach and protection of state investigatory primacy. en-us Thu, 22 May 2025 20:16:03 +0530 Thu, 22 May 2025 20:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=44474 The Supreme Court stayed the Enforcement Directorate's money laundering probe into the state run liquor retailer, holding the ED was crossing limits and implicating federal governance. Petitioners argued the ED's 60 hour search targeted a state instrumentality that was not an accused in predicate FIRs, that the agency lacked jurisdiction under the PMLA absent a predicate offence, and that the operation was a roving and fishing enquiry lacking the requisite reasons to believe. The Court issued notice on challenge to the Madras High Court order and recorded concern over enforcement overreach and protection of state investigatory primacy. News - Thu, 22 May 2025 20:16:03 +0530 https://www.taxtmi.com/news?id=44474