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The Madras High Court has reserved its orders on the petitions filed by Kalanithi Maran-controlled Sun TV and Kal Communications seeking a stay on the Enforcement Directorate directive attaching their immovable properties.
Justice M Sathyanarayanan reserved the orders after hearing arguments made by Additional Solicitor General G Rajagopalan and senior counsel P S Rama.
Rajagopalan stated that the petition could not be entertained as a Supreme Court directive had restrained other courts from interfering in 2G scam cases. Arguing that the attachment order should be quashed, Raman reiterated that the properties were bought well before the alleged 2G scam.
Responding to this, Rajagopalan said the monetary benefit from the scam had been infused into the petitioners’ business.
The petitions challenged the 31 March provisional attachment order of ED attaching assets worth Rs 742.58 crore in the name of former Telecom Minister Dayanidhi Maran, his businessman brother Kalanithi Maran and other family members under provisions of Prevention of Money Laundering Act (PMLA).
Rajagopalan, who appeared on behalf of ED, said the Aircel-Maxis case arose out of the 2G spectrum case which is being monitored by the Supreme Court. He further said any orders would impede the investigation.
Countering the view, the petitioner’s counsel Raman argued that the 2G spectrum case shall not stand in the way (of this petition).
He also said the residential properties of the petitioners were also attached and the valuation done at the ‘whims and fancies’ of the ED
Read more at:
http://www.televisionpost.com/news/madras-hc-reserves-order-on-sun-tv-and-kal-comm-petition-against-ed-attachment/
Justice M Sathyanarayanan reserved the orders after hearing arguments made by Additional Solicitor General G Rajagopalan and senior counsel P S Rama.
Rajagopalan stated that the petition could not be entertained as a Supreme Court directive had restrained other courts from interfering in 2G scam cases. Arguing that the attachment order should be quashed, Raman reiterated that the properties were bought well before the alleged 2G scam.
Responding to this, Rajagopalan said the monetary benefit from the scam had been infused into the petitioners’ business.
The petitions challenged the 31 March provisional attachment order of ED attaching assets worth Rs 742.58 crore in the name of former Telecom Minister Dayanidhi Maran, his businessman brother Kalanithi Maran and other family members under provisions of Prevention of Money Laundering Act (PMLA).
Rajagopalan, who appeared on behalf of ED, said the Aircel-Maxis case arose out of the 2G spectrum case which is being monitored by the Supreme Court. He further said any orders would impede the investigation.
Countering the view, the petitioner’s counsel Raman argued that the 2G spectrum case shall not stand in the way (of this petition).
He also said the residential properties of the petitioners were also attached and the valuation done at the ‘whims and fancies’ of the ED
Read more at:
http://www.televisionpost.com/news/madras-hc-reserves-order-on-sun-tv-and-kal-comm-petition-against-ed-attachment/
