Supreme Court Halts ED's Money Laundering Probe Against TASMAC
The Supreme Court has halted the Enforcement Directorate (ED)'s money laundering probe against the Tamil Nadu State Marketing Corporation (TASMAC) in an alleged ₹1,000 crore scam.
The probe has been stayed until the top court decides on a review plea related to the Prevention of Money Laundering Act (PMLA) provisions.
- The Supreme Court had previously slammed the ED for its raids at the TASMAC headquarters.
- The court had stayed any coercive action and the money laundering probe against TASMAC in May.
The bench of Chief Justice of India (CJI) BR Gavai and Justice Vinod Chandran made the interim order absolute.
Author's summary: Court halts ED's probe against TASMAC pending PMLA review decision.