Wednesday, February 1, 2023

Punjab and Haryana HC disposes of PIL seeking action against company for money laundering

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The Punjab and Haryana High Court has disposed of a Public Interest Litigation (PIL) seeking to recover thousands of crores of rupees being illegally laundered and taken out of India by a company (respondent No.8) and to investigate the illegalities committed and prosecute the company.

The PIL has been filed by one Deepak Jain.

Satya Pal Jain, Additional Solicitor General of India, submitted that respondent authorities are already investigating the matter and the allegation relating to the affairs of as many as 20 companies, including the respondent No.8, is also under investigation. He further submitted that, in case, the petitioner wishes to provide any information in respect of these companies, including respondent No.8 and other such companies, he can do so by approaching the respondent authorities which are investigating the matter.

In view of the fact that the respondent-authorities are already investigating the matter and would subsequently take action, if required, against respondent No.8 and other such companies, in accordance with law, the Division Bench of Chief Justice Ravi Shanker Jha and Justice Arun Palli found no reason to entertain the petition and the same is accordingly disposed of by taking the statement of the Additional Solicitor General of India on record, which forms part of the order.

The Court granted liberty to the petitioner to appear before respondents authorities and submit all necessary information(s)/document(s), which are material for investigation.

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