Allahabad High Court Dismisses Humara India Credit's Plea in Money Laundering Case

The Allahabad High Court rejected a plea from Humara India Credit Cooperative Society Limited and others, seeking to quash a case being investigated by the Enforcement Directorate under the Prevention of Money Laundering Act (PMLA). The court found no grounds for interference and clarified the trial proceedings would not be affected.

The Allahabad High Court has dismissed a plea submitted by Humara India Credit Cooperative Society Limited alongside other associated organizations, seeking to nullify an ongoing case under investigation by the Enforcement Directorate (ED). The bench, after thorough examination, concluded there were no grounds to intervene in the proceedings under the Prevention of Money Laundering Act (PMLA).

The petition argued that no prima facie case existed since the investigating officer had filed a final report. Additionally, the petitioners claimed their adherence to the Supreme Court's directions concerning the Sahara group company, further contesting the proceedings' legitimacy.

Despite the arguments presented, the Lucknow bench clarified that the verdict would not impact the trial proceedings, reaffirming the court's decision to dismiss the petition on October 17 by Justice Subhash Vidyarthi.

(With inputs from agencies.)