Home Nation News Delhi HC Refuses to Quash Money Laundering Case Against Raghav Bahl

Delhi HC Refuses to Quash Money Laundering Case Against Raghav Bahl

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Delhi HC Refuses to Quash Money Laundering Case Against Raghav Bahl

Last Updated: January 23, 2023, 16:27 IST

The court also rejected Bahl's challenge to the Look Out Circular against him (File photo/News18)

The courtroom additionally rejected Bahl’s problem to the Look Out Circular in opposition to him (File photograph/News18)

The courtroom, nonetheless, mentioned the petitioner’s liberty to journey overseas in real circumstances can’t be curtailed and clarified his plea in search of permission to undertake such journey shall be determined by the courts involved at any time when filed

The Delhi High Court on Monday refused to quash an Enforcement Directorate cash laundering case in opposition to media baron Raghav Bahl, saying the plea was “untimely”.

The court also rejected Bahl’s challenge to the Look Out Circular (LOC) against him, observing the issue of generation of “proceeds of crime” was being investigated.

The courtroom, nonetheless, mentioned the petitioner’s liberty to journey overseas in real circumstances can’t be curtailed and clarified his plea in search of permission to undertake such journey shall be determined by the courts involved at any time when filed.

The ED case in opposition to the petitioner arises from a criticism by the Income Tax (IT) Department and issues the alleged laundering of funds to buy an alleged undisclosed asset in London.

“I’m of the view that the petition itself is untimely…There are allegations within the criticism relating to tax evasion. The allegations are but to attain the stage of trial. Whether there’s era of proceeds of crime or not is being investigated. For aforesaid causes, petition for reduction of quashing the ECIR (Enforcement Case Information Report) is untimely and is rejected,” mentioned Justice Jasmeet Singh.

“The allegations against the petitioner are with regard to compromising the economic interest of India. The quashing of LOC at this stage again will be premature,” acknowledged the decide.

The courtroom famous that the Supreme Court has mentioned in a case that mere recording of ECIR doesn’t make an individual an accused and that petitioner has undertaken to be a part of the investigation.

The petitioner’s Counsel sought to quash the ECIR (Enforcement Case Information Report) and LOC on the bottom that there have been no proceeds of crime or unlawful cash within the case and that there may be no allegations of tax evasion.

TheED opposed the plea and submitted that there have been allegations of violation of Black Money Act and try to evade tax.

It was additionally acknowledged that the ECIR can’t be quashed on the stage of summons and that the Allahabad High Court has dominated that there was a prima facie to proceed in opposition to the petitioner underneath the black cash regulation and an attraction in opposition to the choice has been dismissed by the Supreme Court.

The I-T Department had earlier initiated proceedings in opposition to the petitioner underneath the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act of 2015 for alleged irregularities within the returns filed for the evaluation yr (AY) 2018-2019.

In his petition, Raghav Bahl had claimed that since he has “carried out no fallacious”, the continuation of the process of inquiry under the Prevention of Money Laundering Act of 2002 “without having any subsisting basis in fact or law” has a “deleterious impact” on his life, business, and reputation.

On December 3, 2021, the high court had sought response from ED on Bahl’s petition to quash a money laundering case against him but refused to grant an interim relief of no coercive action.

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(This story has not been edited by News18 employees and is printed from a syndicated information company feed)

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