Archive · 21 Jul 2026
Karnataka High Court Upholds ED Case on Demonetized Notes
The Karnataka High Court has decided not to cancel a case filed by the Enforcement Directorate (ED) against 10 people who were already convicted for cheating.
These people had promised to exchange old Rs 1,000 notes with new Rs 2,000 notes for a higher price in 2016, after the government banned the old notes.
The convicts argued that the ED case was unfair because they were being punished twice for the same crime.
However, the court said that the ED case is a separate legal matter under the Prevention of Money Laundering Act (PMLA) and not a second trial for the same offense.
The court's decision means the convicts will have to face the ED case in a special court.
Karnataka High Court refused to cancel an ED case against 10 people convicted in a cheating case.
The convicts tried to sell banned Rs 1,000 notes for new Rs 2,000 notes at a premium in 2016.
The convicts argued that the ED case would amount to double jeopardy.
The court ruled that the ED case is an independent statutory offense under the PMLA.
The court order was dated July 9, 2024.
- Who
- 10 people convicted in a cheating case
- What
- Karnataka High Court refused to cancel an ED case against them
- When
- The court order was dated July 9
- Where
- Karnataka High Court
- Why
- The convicts tried to sell banned demonetized notes at a premium in 2016
Convicts' Argument
Court's Decision
Double Jeopardy
Convicts' Argument
The convicts argued that the ED case would amount to double jeopardy, as they were already tried and convicted for the same offense.
Court's Decision
The court ruled that the ED case is an independent statutory offense under the PMLA, not a second trial for the same offense.
- Date of Demonetization
- November 8, 2016
- Deadline for Exchange
- December 31, 2016
- Number of Convicts
- 10
- Act Under Which ED Case is Filed
- Prevention of Money Laundering Act (PMLA)
- Judge
- Justice M Nagaprasanna
- Date of Court Order
- July 9