Thread by @LiveLawIndia

"#ED now intervening in predicate offences because they feel left out. There's a phrase used by young people - 'FOMO', or fear of missing out. Applicable to ED, which feels like it's missing out on all the crime," Senior Advocate Sidharth Luthra tells #SupremeCourtofIndia.

#PMLA

ED will often say they have jurisdiction because there has been commission of offence. NOT true. ED will get jurisdiction only when commission is accompanied by generation of proceeds of crime on that commission. : Sr Adv Sidharth Luthra

#SupremeCourtOfIndia #PMLA #ED

Only when these two conditions (commission of offence & generation of proceeds of crime) exist together, will the Enforcement Directorate get jurisdiction to act, and not otherwise. : Sr Adv Sidharth Luthra.

#SupremeCourtOfIndia #PMLA #ED

Vijay Madanlal Choudhary judgement (upholding arrest, attachment, search & seizure powers of ED under Prevention of Money Laundering Act) has contradictions. Ques is should this bench await outcome of 3-judge bench review. : Sr Adv Sidharth Luthra.

#SupremeCourtOfIndia #PMLA #ED

Haste and manner in which Enforcement Directorate is acting...not applying statutory principles under PMLA. They are acting as if this is the Wild West and they are cowboys. : Sr Adv Sidharth Luthra.

#SupremeCourtOfIndia #PMLA #ED