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What Is ED’s Legal Power to Ask Banks To Freeze Amnesty India’s Accounts? Karnataka High Court Asks

The Karnataka High Court has directed the Enforcement Directorate (ED) to disclose the power under which it has written to the banks directing them to freeze accounts of international human rights body Amnesty International’s India offices (M/s Indians for Amnesty International Trust)
Senior Advocate Professor Ravivarma Kumar, appearing for the petitioner, while praying for interim relief submitted: “This is a very serious matter. Repeatedly we are being harassed. We are only interested in working for human rights.” He added that “Seizure has taken place and no reasons have been recorded and no order is passed and within 30 days matter is not taken before the adjudicating authority as prescribed. Therefore, it is ultra vires of section 17 (1) (A) of the Prevention of Money Laundering Act (PMLA)”.

Asia Law Offices advised a major transnational strategic collaboration between its client, UAE-Based Pharmax Pharmaceuticals, and Swiss pharma major Acino Pharmaceuticals.

ALO represented Pharmax in the structuring and closure of entire transaction documents of the significant collaboration.

The collaboration framework extends to licensing, manufacturing, and supply of Acino formulations within the gastroenterology and the cardiovascular space throughout the Middle East and Africa.