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IN THE HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAD
E. V. VENUGOPAL, J
petitioner/accused No.1 – Appellant
Versus
Enforcement Directorate – Respondent
| Table of Content |
|---|
| 1. factual background of the case and underlying charges. (Para 1 , 2) |
| 2. arguments presented by both parties regarding travel rights. (Para 5) |
| 3. court's assessment of the implications on co-accused. (Para 6) |
| 4. rationale for dismissing the petition based on investigation status. (Para 7) |
| 5. final ruling on the criminal petition. (Para 8) |
ORDER:
Aggrieved by the order, dated 29.09.2023 passed in Crl.M.P.No.2248 of 2023 in F.No.ECIR/HYZO/11/2021 on the file of the Metropolitan Sessions Judge, Cyberabad, Ranga Reddy District at L.B.Nagar, the petitioner/accused No.1 filed the present Criminal Petition under Section 439 (2) or Cr.P.C.
2. Brief facts of the case are that the Enforcement Directorate had initiated proceedings against the petitioner and others under the provisions of the Prevention of Money Laundering Act, 2002 and the Rules made thereunder vide F.No.ECIR/HYZO/11/2021 alleging that the petitioner, along with others, have conducted meetings/seminars all over India at various hotel/resorts and attracted and motivated the innocent people with their Ponzi Schemes and Binary Schemes and collected huge amount of Rs.1500.00 Crores as investment and thereafter, accu
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