ED not a loitering munition or drone to attack at will: HC

THE MADRAS HC WAS HEARING A PLEA BY RKM POWERGEN PRIVATE LTD CHALLENGING ED FOR SEIZING 2901 CR OF ITS FIXED DEPOSITS IN CONNECTION WITH A PMLA CASE

- Press Trust of India

The Madras high court has observed that the Enforcement Directorate was not a “drone” to attack at will, and nor was the agency a “super cop” to investigate anything and everything which comes to its notice.

A division bench of Justice M S Ramesh and Justice V Lakshminarayanan made the observations while hearing the plea by city-based RKM Powergen Private Ltd challenging the Enforcement Directorate (ED) seizing Rs 901 crore of its fixed deposits in connection with a Prevention of Money Laundering Act (PMLA) case.

The ED action came on the basis of an FIR registered by the CBI in 2014 over the allocation of coal blocks for a power plant in Chhattisgarh earlier.

The agency filed a closure report in 2017 saying it found no irregularities in the allocation of coal blocks.