Masala bonds case: Kerala HC sets aside single judge's order allowing fresh ED summons to Thomas Isaac
A Division Bench allowed the appeal filed by Isaac and two officials of KIIFB seeking to quash Single Judge's order.
The agency had raided vivo-India and its linked persons in July last year, claiming to have busted a major money laundering racket involving Chinese nationals and multiple Indian companies.
The Delhi HC last year dismissed the former AAP leader’s plea challenging the framing of charges against him in the PMLA case.
"When did we issue notice? Some time frame has to be followed. Two years have passed. What have you (Centre) done so far...Get it done," the court said.
“We should not paint any organisation with black paint if its personnel, who are human, has done any wrong. The organisations and people working in them were different," he said
Singh’s close associate Sarvesh Mishra has also been named in the chargesheet which will come up before the court on Monday for further proceedings.
The searches were conducted at the residences and office premises of loan aggregators which resulted in the recovery and seizure of digital devices and incriminating documents.
This is a supplementary charge sheet in this case as the agency had filed about five such complaints earlier.
Issuing notice in the matter, Special judge MK Nagpal at Rouse Avenue Court ordered the ED to file its response to the bail application.
The division bench observed that the Central agency is on a 'fishing expedition' without finding the existence of tainted money.
The disclosure was made in an objection affidavit filed by ED on the batch of petitions filed by the Tamil Nadu government and collectors challenging the issuance of summons to the collectors.
The Tamil Nadu government calls ED’s action colourable exercise, politically motivated while the agency asserts there is predicate offence.
Sources said that the ED collected some documents related to land purchases and bank passbooks.
The interrogation continued till night.
“The process, purportedly taken under PMLA, is to pressurise and demoralise the state administration from discharging its functions and duties without any just cause and reason,” the petitions said.
Having analysed the bank statements of CPI leader N Bhasurangan and his family, ED found they held five accounts at the Kandala bank alone.
In the petition, Raju stated that he has established several businesses in the power and other sectors across various states in the country.
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