Karnataka High Court Examines PMLA Seizures in Gaming Company Case

The Story in Brief

The Karnataka High Court heard petitions by an online money gaming company and its subsidiaries against action under the Prevention of Money-Laundering Act. One petition challenged the registration of an Enforcement Case Information Report. The other questioned seizures made under the law.

According to Deccan Herald, the court said property seizures under the PMLA remain linked to related criminal proceedings. The report does not provide details of the evidence or the final outcome of the petitions. The case raises procedural questions about the ECIR and the legality of the seizures.

The Indian Opinion

The court’s reported position underlines the importance of due process in financial crime cases. A seizure alone does not establish guilt, while describing all enforcement action as harassment would also be too broad. Since the available information is limited and no final outcome is reported, firm conclusions about the company or its subsidiaries should be avoided.

Source: deccanherald.com

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