MUMBAI: Opposing the reliefs sought by Omkar Group promoters Babulal Varma and Kamalkishore Gupta, Enforcement Directorate (ED) on Friday told the special PMLA court that their plea was not maintainable. The ED also submitted that in the same case itself in 2021, Bombay high court had ruled that once investigation is initiated under Prevention of Money Laundering Act (PMLA), it is independent of any scheduled offence.
The high court had said neither compounding nor closure of the original first information report of a scheduled offence would affect the PMLA probe. ED on Friday said an appeal on this aspect was pending before Supreme Court.
