CHENNAI: Slamming Enforcement Directorate for relying on "so-called incriminating materials" that lacked any evidence linking a film producer and a businessman to money-laundering in Tasmac operations , Madras HC Friday stayed further ED proceedings against the two, reports Venkadesan S.
A division bench of Justice MS Ramesh & Justice V Lakshminarayanan granted relief to film producer Akash Baskaran and businessman Vikram Ravindran, stating: "We find that the authorisation letter dated May 15, 2025, to search the petitioners' premises and the consequential sealing of premises by ED is wholly without authority or jurisdiction since no incriminating information or material was in their possession on May 15 or May 16."
The petitioners had approached HC after ED sealed their homes and offices in connection with an alleged money-laundering probe into Tasmac operations. ED earlier claimed possession of incriminating material, but later submitted only an undated and unsigned note. The court rejected the note and directed ED to return all seized properties.
A division bench of Justice MS Ramesh & Justice V Lakshminarayanan granted relief to film producer Akash Baskaran and businessman Vikram Ravindran, stating: "We find that the authorisation letter dated May 15, 2025, to search the petitioners' premises and the consequential sealing of premises by ED is wholly without authority or jurisdiction since no incriminating information or material was in their possession on May 15 or May 16."
The petitioners had approached HC after ED sealed their homes and offices in connection with an alleged money-laundering probe into Tasmac operations. ED earlier claimed possession of incriminating material, but later submitted only an undated and unsigned note. The court rejected the note and directed ED to return all seized properties.
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