Summary
- The Supreme Court has issued a notice on the ED's Special Leave Petition challenging the Delhi High Court's decision that quashed the money laundering case against Prabir Purkayastha and PPK Newsclick Studio Pvt. Ltd.
- The High Court ruled that no offence under Sections 406, 420, or 120B of the Indian Penal Code was established, citing a lack of an aggrieved party and lawful commercial practices.
- The ED argues that the High Court's ruling undermines its investigation into alleged circumvention of FDI regulations involving Rs 9.59 crore from a Delaware-based entity.
- This case could significantly impact how money laundering allegations are pursued in India, especially regarding FDI in digital media
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