Madras HC halts ED proceedings in Tasmac case
The Madras High Court has stopped the Enforcement Directorate (ED) from moving forward with its investigation into film producer Akash Baskaran and businessman Vikram Ravindran.
Both were being probed for allegedly laundering money through Tamil Nadu's state-run liquor company, TASMAC.
The ED had raided their homes in May 2025 under anti-money laundering laws.
Court's observation on ED's search
Baskaran and Ravindran challenged the ED's actions, saying there was no real evidence against them.
The judges agreed, pointing out that the ED's search was based on an unsigned note with no solid proof—calling it "wholly without authority."
The court ordered all seized property returned and put a hold on any further action, since there was no clear link to money laundering or even a basic offense to justify the probe.