https://www.taxtmi.com/news?id=58887 The High Court found that the Enforcement Directorate lacked tangible material at the time of the August 13 arrest to satisfy the reason to believe standard under the Prevention of Money Laundering Act, noting the ED's case relied mainly on statements of architects and developers. Consequently, the court set aside the special court's remand orders tied to that arrest and ordered the petitioner's release; a sought stay was declined. The probe arises from allegations of collusion with builders resulting in 41 illegal buildings and a prior corruption complaint. en-us Wed, 15 Oct 2025 15:01:04 +0530 Wed, 15 Oct 2025 15:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=58887 The High Court found that the Enforcement Directorate lacked tangible material at the time of the August 13 arrest to satisfy the reason to believe standard under the Prevention of Money Laundering Act, noting the ED's case relied mainly on statements of architects and developers. Consequently, the court set aside the special court's remand orders tied to that arrest and ordered the petitioner's release; a sought stay was declined. The probe arises from allegations of collusion with builders resulting in 41 illegal buildings and a prior corruption complaint. News - Wed, 15 Oct 2025 15:01:04 +0530 https://www.taxtmi.com/news?id=58887