Delhi High Court Upholds Money Laundering Case Against Businessmen

The Delhi High Court has upheld proceedings against Sathish Babu Sana and Pradeep Koneru concerning money laundering under the PMLA in a case involving meat exporter Moin Akhtar Qureshi. The court rejected the businessmen's requests to quash the ED summons, stating it was necessary to investigate the money trail.

The Delhi High Court has upheld the money laundering proceedings initiated against businessmen Sathish Babu Sana and Pradeep Koneru in connection with a case involving meat exporter Moin Akhtar Qureshi. The court stated that the summons issued by the Enforcement Directorate (ED) were "just and proper" to unearth the money trail.

The court had previously stayed the summons in 2019 but now says interim protection for the businessmen shall continue for two more weeks. The judgement cited Supreme Court decisions and stated that there was enough evidence to warrant PMLA proceedings against the accused.

Sana and Koneru had challenged their change of status from witness to accused and the constitutionality of certain PMLA provisions. The court, however, found no merit in their arguments and highlighted their admitted involvement in illicit transactions, leading to the case's sustainment.

(With inputs from agencies.)