Calcutta HC Upholds ED Probe on Immovable Property Mortgaged against More than 1 Cr share...

The Calcutta High Court has upheld an ED probe into an immovable property that was mortgaged against a share transaction of over ₹1 crore, ruling that it amounts to a crime of money laundering. The court's decision came after a thorough examination of the facts and circumstances of the case, which revealed a clear trail of money laundering. The court's ruling is a significant step towards curbing financial crimes and reinforces the government's commitment to a transparent financial system. The court's decision is a crucial reminder to all businesses that they must be diligent in their dealings.