ED moves SC against HC order quashing case against NewsClick
The Enforcement Directorate (ED) has approached the Supreme Court challenging the Delhi high court’s decision to quash the FIR registered against digital news platform NewsClick and its founder-editor Prabir Purkayastha, along with the money-laundering proceedings arising from the case, people familiar with the development said
The Enforcement Directorate (ED) has filed an appeal to the Supreme Court against a Delhi High Court decision that quashed the FIR registered against digital news platform NewsClick and its founder-editor Prabir Purkayastha. The ED is contesting the money laundering probe initiated by the Economic Offences Wing (EOW) of the Delhi Police.
The case derailed from allegations of foreign direct investment received by PPK Newsclick Studio Pvt Ltd, NewsClick's parent company, from a US-based company, Worldwide Media Holdings LLC, during the 2018-19 financial year. The ED claims that the company received around ₹92 crores through a structure designed to bypass restrictions on foreign investment in digital media.
It is alleged that this money was used by Purkayastha to purchase a flat in Saket, Delhi. The ED had attached property worth ₹4.93 crores and a flat worth ₹4.52 crores in this case.
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