Supreme Court Halts ED's Money Laundering Probe Against TASMAC
The Supreme Court has halted the Enforcement Directorate (ED)'s money laundering probe against Tamil Nadu State Marketing Corporation (TASMAC) in the alleged ₹1,000 crore scam.
This decision will remain in effect until the top court takes a decision on a review plea pertaining to the provisions of the Prevention of Money Laundering Act (PMLA).
In May, the Supreme Court had stayed any coercive action as well as the money laundering probe against TASMAC, following a petition from the Tamil Nadu government challenging the Madras High Court's decision to allow the ED probe to proceed.
A bench of Chief Justice of India (CJI) BR Gavai and Justice Vinod Chandran made the interim order absolute.
The Supreme Court's decision is a significant development in the case, which has been ongoing for several months.
Author's summary: Supreme Court stops ED probe against TASMAC.