Relief For Hero MotoCorp Chairman In Money Laundering Case, Court Stays Proceedings

The ED counsel opposed the petition on the grounds that it was not maintainable and was premature. He said money laundering was a separate offence, which can be probed even if there was a stay order in the predicate offence.

The Delhi High Court on Friday stayed the proceedings against Hero Motocorp chairman Pawan Kant Munjal in a money laundering case being probed by the Enforcement Directorate (ED).

Justice Saurabh Banerjee issued notice to the investigating agency on Mr Munjal's petition against the ED case and granted it time to file its reply.

While granting the interim relief, the judge observed that a similar stay order was recently passed on the predicate offence under the Customs Act and the petitioner has been exonerated by the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) in that matter.