According to sources, Reliance Group Chairman sought to deny any involvement in the case, maintaining that all the financial decisions were taken by the internal board of his companies
The federal probe agency has recently filed a criminal case under the Prevention of Money Laundering Act (PMLA) to investigate the said loot from Canada's Pearson International Airport in April, 2023
In its last year's verdict, Supreme Court had upheld the ED's powers of arrest, attachment of property involved in money laundering, search and seizure under the PMLA.
The ED initiated a probe under the Prevention of Money Laundering Act (PMLA) based on an FIR registered by the CBI, Goa under various Sections of the IPC and the Prevention of Corruption Act.
The ED had arrested Deepak Kochhar in September 2020 after it filed a criminal case for money laundering based on an FIR registered by the CBI against the Kochhars, Dhoot and others.
