The top court extended the stay on the probe by the ED, after being apprised by TASAMC regarding the non-supply of the Enforcement Case Information Report.
The residences and office premises of Akash Bhaskaran and Vikram Ravindran were raided in May this year by the ED; both filed petitions in the HC challenging the ED’s proceedings and questioned the au ...
After intense searches at Tasmac headquarters and premises related to the firm, the ED, in a press release on March 13, said it had found incriminating materials indicating a scam of Rs 1,000 crore.
Madras HC directed the ED to return all properties seized and sealed during the search conducted on May 16, until the writ petitions are finally adjudicated.
The ED’s counsel explained that premises were not sealed but notices were pasted to the effect that the premises “shall not be opened”, besides asking them to contact the agency.
