Supreme Court Halts ED's Money Laundering Probe Against TASMAC
The Supreme Court has halted the Enforcement Directorate (ED)'s money laundering probe against Tamil Nadu State Marketing Corporation (TASMAC) pending a decision on a review plea related to the Prevention of Money Laundering Act (PMLA).
The probe is connected to an alleged ₹1,000 crore scam. In May, the court stayed any coercive action and money laundering probe against TASMAC after the Tamil Nadu government challenged the Madras High Court's decision to allow the ED probe to proceed.
A bench led by Chief Justice of India BR Gavai and Justice Vinod Chandran made the interim order absolute, effectively putting the ED's probe on hold until further decision.
The top court had previously slammed the ED for its raids at TASMAC's headquarters.
Author's summary: Court halts probe pending PMLA review decision.