August 26 2019
The Enforcement Directorates case against former Finance Minister P. Chidambaram is predicated on exposing a well-crafted scheme of money laundering by abusing his official position. The affidavit submitted to the court outlines the creation of a web of shell companies both in India and in many other countries for routing/layering and laundering proceeds of crime.
The ED’s investigation conducted so far has revealed a strong prima facie case to reach to “reasons to believe” as contemplated under Section 19 of the Prevention of Money Laundering Act (hereinafter referred to as “PMLA”) to arrest the petitioner and also his custodial investigation which can be pointed out from the below mentioned facts.
