News & Media 22nd Mar 2024

What happens to money seized by Enforcement Directorate during raids

Authors

Mumtaz Bhalla Partner | New Delhi | Noida

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Surbhi Gloria Singh from Business Standard writes on “What happens to money seized by Enforcement Directorate during raids” with insights from our Partner Mumtaz Bhalla.

In recent months, numerous leaders from the opposition have been questioned by the ED through bookings, raids, interrogations, or arrests. What happens to cash recovered by ED? The probe agency is authorised to seize money, but it cannot retain the recovered cash. According to protocol, when the agency recovers cash, the accused is offered a chance to explain the source of the funds.

For further details, read the article here