BENGALURU: The suspended Chief Project Officer, Karnataka State Highways Development Project, S C Jayachandra challenged the provisions of Prevention of Money Laundering Act invoked against him by the Enforcement Directorate.
During the hearing, the counsel of Enforcement Directorate prayed the court to file objections and not to stay the proceedings.On hearing the petition, Justice Anand Byrareddy granted time to the Enforcement Directorate to file objections and also gave liberty to the petitioner to move the matter before the vacation bench.
The counsel of Jayachandra argued that the Enforcement Directorate cannot invoke the provisions of Prevention of Money Laundering Act with retrospective effect as the properties are acquired by his client prior to July 1, 2009.