Madras HC to pronounce verdict on April 23 in TASMAC raid case
According to ED, it had found serious financial fraud involving distillery companies and bottling entities through generation of unaccounted cash and illicit payments.;
Madras High Court (File)
CHENNAI: The Madras High Court would pronounce its verdict on April 23, on the petitions filed by state-run Tasmac and the Tamil Nadu government, which challenged the raids conducted by the Enforcement Directorate (ED) on the premises of the liquor retailer in March this year.
When the case came up for hearing on Monday, a division bench comprising Justices SM Subramaniam and K Rajasekar reserved orders after hearing senior counsels Vikram Chaudhary and Vikas Singh, appearing for Tamil Nadu State Marketing Corporation (Tasmac) and Advocate General PS Raman for state government. Additional Solicitor General SV Raju represented the ED.
According to ED, it had found serious financial fraud involving distillery companies and bottling entities through generation of unaccounted cash and illicit payments.
In its petition, Tasmac sought a direction to the ED not to harass its employees under the guise of investigation. It also sought a declaration that the ED's action of investigating the offence within the territorial limits of the State was violative of federalism.
Earlier on April 16, the high court directed ED to file the details of the predicate offence based on which the enforcement case information report (ECIR) was registered against Tasmac.
(With inputs from Bureau)