Supreme Court Halts ED's Money Laundering Probe Against TASMAC
The Supreme Court has halted the Enforcement Directorate (ED)'s money laundering probe against the Tamil Nadu State Marketing Corporation (TASMAC) pending a decision on a review plea related to the Prevention of Money Laundering Act (PMLA).
The probe is related to an alleged ₹1,000 crore scam. In May, the court had stayed any coercive action and the money laundering probe against TASMAC, following a petition by the Tamil Nadu government challenging the Madras High Court's decision to allow the ED probe to proceed.
A bench consisting of Chief Justice of India (CJI) BR Gavai and Justice Vinod Chandran made the interim order absolute.
The top court had earlier slammed the ED for its raids at the TASMAC headquarters.
Author's summary: Court halts money laundering probe against TASMAC.