Court Allows 26 Luxury Cars Owned By Conman Sukesh Chandrashekhar To Be Sold
NDTV
The high court, which opined vehicles are inherently subject to natural decay and depreciation over a period of time that impacts their value and functionality, directed the ED to keep the entire amount generated from sale of these cars in an 'interest bearing' fixed deposit.
The Delhi High Court has upheld an order granting permission to the Enforcement Directorate (ED) to sell 26 high-end luxury cars allegedly purchased from the proceeds of crime generated out of the criminal activities of alleged conman Sukesh Chandrashekhar.
The high court, which opined vehicles are inherently subject to natural decay and depreciation over a period of time that impacts their value and functionality, directed the ED to keep the entire amount generated from sale of these cars in an 'interest bearing' fixed deposit.
Justice Swarana Kanta Sharma dismissed a plea filed by Chandrashekhar's wife Leena Paulose, arrested in a Rs 200 crore extortion case, challenging a trial court's order by which the ED was granted the possession of 26 vehicles for disposal in accordance with the law.
