ED Arrest - Latest News Update, Information, Photos & Videos on ED Arrest at Lokmat Times

The Supreme Court Tuesday ordered that the Enforcement Directorate (ED) should furnish grounds of arrest to the accused at the time of arrest. The court also observed that the federal agency “mandated with investigation of offence of money laundering and violations of foreign exchange laws” should not work clandestinely or be vindictive in its approach while conducting an investigation. A three-judge bench led by Justice A.S. Bopanna said a person’s right to know the reasons for their arrest is a constitutional right under Article 22 (1) that enables them to take legal counsel. The bench’s remarks on the ED come at a time when the apex court is seized of petitions seeking a review of its July 2022 judgment that upheld wide and sweeping powers entitled to the central agency under the Prevention of Money Laundering Act (PMLA).In July last year, a two-judge bench led by Justice A.M. Khanwilkar (now retired) had upheld the stringent PMLA, including the provision under which the ED can arrest an individual on the basis of an ECIR (Enforcement Case Information Report) without informing them of its contents. The top court’s present order came while granting bail to two directors of real-estate firm M3M — Pankaj and Basant Bansal — who were summoned on 14 June for questioning in an alleged money laundering case. They were arrested in another ED case registered the same day, as was widely reported in the media. The duo moved the Supreme Court challenging their arrest and the Punjab and Haryana High Court order that refused to give them relief.Asking the federal anti-money laundering agency to maintain stringent standards of probity, fairness and not be vindictive in its functioning, the bench said the present case “speaks volumes about the ED and reflects poorly on their style of functioning, especially since the agency is charged with preserving the financial security of the country”. On the need for the agency to be transparent and fair, the bench said, “Being a premier investigating agency charged with the onerous responsibility of curbing debilitating economic offence of money laundering in our country, every action of the ED in the course of such exercise is expected to be transparent, above board and conforming to the pristine standards of fair play in action. The ED, mantled with far-reaching powers under the stringent Act of 2002, is not expected to be vindictive in its conduct and must be seen to be acting with utmost probity and with the highest degree of dispassion and fairness.”

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Narendra Modi

Lok Sabha Election 2024

Heatwave In India

Mumbai Mega Block

Maharashtra Lok Sabha Election

T20 World Cup 2024

Ed ArrestFOLLOW

Ed arrest, Latest News

National :ED arrests West Bengal minister Jyotipriya Mallick in alleged ration distribution scam

The Enforcement Directorate on Friday arrested West Bengal minister Jyotipriya Mallick in a money-laundering case linked to an alleged ... ...

Technology :ED arrests 3 Vivo Mobiles executives in money laundering case

The Enforcement Directorate (ED) has on Tuesday taken into custody four individuals as part of its investigation into a ... ...

National :ED summons Sanjay Singh's close aides in liquor policy case

The Enforcement Directorate has summoned Aam Aadmi Party (AAP) leader and Rajya Sabha MP Sanjay Singh's close aides for ... ...

Politics :AAP MP Sanjay Singh arrested by ED in connection with money-laundering case

Aam Aadmi Party MP Sanjay Singh was arrested on Wednesday, by the ED following the central agency's search at ... ...

National :'Should Be Transparent': SC Says ED Must Provide Grounds for Arrest in Writing

The Supreme Court Tuesday ordered that the Enforcement Directorate (ED) should furnish grounds of arrest to the accused at ... ...