ED sells Hawker 800A jet for Rs 3 cr: Are you buying property or just a legal headache?
The Enforcement Directorate recently auctioned a private jet under money laundering laws. This sale clarified that attachment of property is not ownership by the agency. Ownership of seized assets only passes after a court confirms money laundering has occurred. The agency can sell rapidly depreciating assets like aircraft with court…
The Economic Times ·