[7/11, 10:44] sekarreporter1: Sibal- The proceeds of that crime are in the hands of accused and he uses it by seeking to convert it into normal money. It’s like putting clothes in the washing machiene and it coming out clean. There’s “laundering” Laundering would involve the fact that I may be in possession of money, which I may launder and therefore I’ll be investigated. #MadrasHC #SenthilBalaji [7/11, 10:44] sekarreporter1: Sibal- The investigation is to be done by ED. But I need to have that material in my possession which would allow them to investigate. They can’t start investigation to know if I have material. That is why there is a difference between the definition of proceeds of crime and money laundering. #MadrasHC #SenthilBalaji [7/11, 10:45] sekarreporter1: Sibal- In the facts of this case, there’s nothing on record to show that they had such information. They have been acting like an authority investigating predicate offence. How did the Directorate get into this when no material is shown. #MadrasHC #SenthilBalaji [7/11, 10:46] sekarreporter1: Sibal reads out the definitions of Proceeds of crime and money laundering. Sibal- So, the Officers must have info that I am projecting something as untainted when it is tainted. #MadrasHC #SenthilBalaji

by Sekar Reporter · July 11, 2023