Politics · India · 1 hr ago

Enforcement Directorate appeals order quashing NewsClick money-laundering case

Enforcement Directorate appeals order quashing NewsClick money-laundering case

India's Enforcement Directorate has appealed to the Supreme Court against a Delhi High Court decision.

The High Court quashed a money-laundering case against NewsClick and its founder-editor, Prabir Purkayastha.

The case concerns a 2020 enforcement case record, known as an ECIR, and the agency says the High Court set it aside without examining the allegations.

The agency points to NewsClick's finances, saying the loss-making company received Rs 9.6 crore in foreign investment within three months of its incorporation in 2018.

It argues the High Court took too long to deliver its decision and that important prosecution arguments were left unaddressed.

The agency is asking the Supreme Court to review the decision; no further court action or timetable is given.

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Enforcement DirectorateGovernment agency
That, from a reading of the judgment it appears that due to the lapse of such period in pronouncing the judgment, several critical contentions raised by the prosecution were overlooked or left unaddressed by the high court,
via Times of India
No reason for any genuine investor to pay Rs. 11,510/- per share for a share whose face value was only Rs 10 at the time of allotment only 3 months back,
via Times of India