Court Nullifies Search Warrant Due to Lack of 'Reasons to Believe' u/s 17(1) of Money Laundering Act.

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....Validity of Search and seizure - In the instant case the record reveals that the Additional Director of Enforcement Directorate without recording the ‘reasons to believe’ as contemplated under Section 17 (1) of PML Act, issued Search Warrant/Authorisation to the Deputy Director to conduct search and seizure of the premises of the petitioners and thereafter the Deputy Director recorded ‘reasons to believe” without any date and time. - proceedings set aside - The respondents are directed to release all the jewellery, cash and other articles seized - HC....