SC agrees to reconsider sweeping PMLA judgment, issues notice to Centre
New Delhi, August 25: The Supreme Court has stated that two issues relating to the provisions of the Prevention of Money Laundering Act need to be reconsidered and issued notice to the Centre.
The two issues which the bench of Chief Justice of India NV Ramana, Justice Dinesh Maheshwari and CT Ravikumar prima facie find to reconsider is judgement upholding various provisions of the Prevention of Money Laundering Act including non-providing of Enforcement Case Investigation Repor and reversal of the presumption of innocence.
During the hearing, the Supreme Court also stated that some issues needed to be revisited, but that the bench is totally in favour of eradicating black money or money laundering.
Tushar Mehta, Solicitor General, stated, "This is not a standalone provision for our country, but the countries are part of a larger global structure. He also said that it will have global repercussions."
The court further stated that money laundering is a serious offence that the country cannot afford.
Also Read | Sidhu Moosewala's family to hold candle march from Mansa, seeks justice for late singer
The top court stated that the matter will be heard in four weeks.
The review petition, filed by Congress MP Karti Chidambaram, was heard by a bench chaired by Chief Justice of India NV Ramana.
On July 27, the Supreme Court upheld the constitutionality of various provisions of the Prevention of Money Laundering Act (PMLA), which authorises the ED to make arrests, conducting search and seizures and attaching proceeds of crime.
The court also ruled that the Enforcement Case Information Report (ECIR) and the First Information Report (FIR) are not the same and that ED officers are not police officers.
Also Read | Bilkis Bano case: SC issues notice to Gujarat on plea challenging release of convicts
-PTC News
