Centre Defends Money Laundering Act Amid Petitions In Supreme Court
NDTV
While the Centre told the top court that the Prevention of Money Laundering Act (PMLA) was an "important legislation" for the nation, the petitioners' side claimed the ED has become an "unruly horse" and can go anywhere it wanted.
The Supreme Court on Wednesday said its "limited ambit" was whether the 2022 verdict that had upheld the Enforcement Directorate's (ED) powers to arrest and attach property involved in money laundering was required to be reconsidered by a larger bench of five judges.
While the Centre told the top court that the Prevention of Money Laundering Act (PMLA) was an "important legislation" for the nation, the petitioners' side claimed the ED has become an "unruly horse" and can go anywhere it wanted.
A three-judge bench headed by Justice Sanjay Kishan Kaul was hearing the pleas seeking reconsideration of the July 27, 2022 verdict by a three-judge bench on certain parameters.
