Madras High Court to Rule on TASMAC's Legal Battle Against ED Raids

The Madras High Court will announce its decision regarding the petitions by TASMAC and the Tamil Nadu government against ED raids on April 23. The ED claims financial fraud involving unaccounted cash and illicit payments was uncovered. TASMAC argues the investigations violate federalism principles.

The Madras High Court is set to deliver its ruling on April 23 concerning petitions by TASMAC and the Tamil Nadu government, challenging the ED's recent raids on the liquor retailer's premises.

A division bench of Justices S M Subramaniam and K Rajasekar reserved their decision after hearing arguments from senior legal counsels representing TASMAC, the state government, and the Enforcement Directorate.

The ED has alleged the discovery of substantial financial fraud, involving unaccounted cash and illicit payments within distilleries. In response, TASMAC has requested the court to restrict the ED's investigative actions, citing federalism violations.

(With inputs from agencies.)