The Supreme Court on Tuesday refused to interfere with the money-laundering proceedings initiated against JSW Steel Limited and its officers in connection with an alleged illegal mining scam involving Obulapuram Mining Company Private Limited (OMC), owned by former Karnataka minister G. Janardhana Reddy.

A bench of Justices Dipankar Datta and Augustine George Masih observed that judicial intervention at this stage would amount to pre-judging issues that properly fall within the jurisdiction of the Appellate Tribunal under the Prevention of Money Laundering Act (PMLA).

The court noted that the Enforcement Case Information Report (ECIR) registered by the Enforcement Directorate (ED) does not name JSW Steel or its officers as accused. The central question before the bench was whether a spec

See Full Page