When an arrestee is forwarded to the jurisdictional Magistrate u/s 19(3) of PMLA, no writ of Habeas Corpus would lie. Any plea of illegal arrest is to be made before such Magistrate since custody becomes judicial.
V. Senthilal Balaji v. State represented by Dy. Director – [2023] 153 taxmann.com 224 (SC).
Sec. 17 of Prevention of Money Laundering Act – Where an order to freeze bank accounts of petitioners u/s 17(1A) had not been passed, action of ED in directing bank, not to entertain debit transactions from bank account of petitioners was not legally sustainable.
C. Gopal Reddy and Co. v. Directorate of Enforcement – [2023] 152 taxmann.com 359 (Andhra Pradesh).
No proposal to curb retail participation in derivative market – SEBI Clarifies.
Press Release no. 14/2023, dated 29-7-2023.