Supreme Court Extends Stay on ED's TASMAC Money Laundering Probe
The Supreme Court has extended the stay on the Enforcement Directorate's (ED) money laundering probe against TASMAC, a state-owned alcohol distribution corporation in Tamil Nadu. The stay has been extended until the Supreme Court passes an order on pending review pleas.
The ED had argued that it is investigating money laundering, not corruption, and found evidence of money laundering in connection with an alleged Rs 21,000 crore scam involving TASMAC. TASMAC challenged the ED's searches and seizures at its headquarters in the Supreme Court, arguing that the ED should not investigate corruption as it falls under the state's jurisdiction. The Supreme Court is bound by the Vijay Madanlal Choudhary judgment, which held that Enforcement Case Information Reports (ECIR) need not be supplied to the accused. However, the ED's probe is ongoing, with the Supreme Court extending the stay on its investigation.
The Supreme Court has extended the stay on the ED's money laundering probe against TASMAC until it passes an order on pending review pleas. The ED continues to investigate the alleged Rs 21,000 crore scam, focusing on money laundering rather than corruption. The outcome of the review pleas will determine the next steps in the investigation.
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