The Directorate for Recovery (ED) tried to intervene and object to the prosecution, which was submitted by the Minister of the Municipal KN Nezru, Brother and True Value Homes (TVH) promoter N. Ravichandran to cancel the fees filed against him (CBI).
The special prosecutor N. Ramesh, who appeared in front of Judge M. Nirmal Kumar, said the agency had carried out an independent probe based on the CBI case for charging money and wanted to place these materials to help the court in the decision to benefit Mr. Ravichandran.
The leader of the NR Elango and Vikram Choudhara, representing Mr. Ravichandran and TVH, protested against the intervention of ED and claimed that the latter was neither the complainant nor the victims in the case of the CBI, and therefore had no locus standi to intervene in the current proceedings.
Mr. Elango insisted that before the permission of Ed to interfere with the current petition, the court must lay a preliminary condition to provide the obligation that the agency would cancel the money laundering probe against the petitioners, if the High Court eventually canceled the case registered by the CBI.
“ED’s behavior is that they are playing into the hands of their political masters. What they do is a political act, not a legal act. It is inadmissible by law that even knows very well, but to satisfy their political masters. It is unfortunate.
Mr. Choudhary wanted to know whether ED would allow the local police to intervene and help the court in cases of money washing. He said that the ED must be asked to file a proper proposal for intervening in this proceedings and should not be allowed on the basis of oral applications.
On the other hand, Mr. Ramesh denied all the fees dealt with ED and said that the agency hit in the number of such cases. “I don’t know why they are afraid of ED in this case,” he said, looking for time to submit a petition to hit.
The special prosecutor of CBI K. Srinivasan was also looking for time to file a countercurrent against the petition for postponement and let the court call ED to intervene in the proceedings. After all heard, the judge gave time until 12 June for filing a petition.
Meanwhile, he prolonged the interim stay, originally granted by the High Court on December 11, 2024, in all other proceedings awaiting before the next major Metropolitan Court in Egmore, Chennai according to the CBI fee.
Justice N. Ushasayee (from retirement) granted a stay after taking acknowledging that although the CBI booked the case against the petitioners compliance with the cheating of the Indian Overseas Bank at the 30 Crore melody, the petitioners paid 51.26 GBP Crore and fully resolved the loan.
Published – April 15 2025 9:21 is
