Bombay HC 'Disappointed' With CBI & Mumbai Police Showing Reluctance To Probe Multi-Crore Money Laundering Case; Orders Formation Of SIT

The Bombay High Court appointed a Special Investigation Team (SIT) to investigate a large-scale multi-crore money laundering scheme. The case, which involved high-profile individuals and several businesses, had garnered attention due to its complexity and scale. The court’s decision to appoint the SIT was based on the need for an unbiased and thorough investigation, as the existing agencies had faced difficulties in handling the case. The court stressed that the probe should focus on tracing the financial transactions and uncovering the network behind the laundering activities. The SIT’s formation is expected to expedite the investigation and bring clarity to the case.