Case-flow diagram showing the CBI investigation, the three letter-of-credit transactions, and the Calcutta High Court’s finding that ED lacked independent material linking Louis Dreyfus to proceeds of crime.

When ED Cannot Rebuild a Case the Predicate-Offence Investigator Rejected

Louis Dreyfus Company India Private Limited v. Enforcement Directorate, Government of India, CRR 1145 of 2024, Calcutta High Court, decided 22 May 2026 Three letters of credit, a chain of commodity trades, and two investigations produced a difficult question under the Prevention of Money Laundering Act, 2002: can the Enforcement Directorate put a company on

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Diagram of one online bond platform separating domestic 54EC bonds from international instruments regulated through GIFT IFSC.

One Bond Platform, Two Regulatory Worlds: What SEBI’s 2026 OBPP Framework Means for Investors and Intermediaries

SEBI’s 2026 OBPP framework broadens online bond platforms to cover IFSCA-regulated products and specified Section 54EC bonds. The interface may be common; the governing law, grievance route, FEMA/LRS rules and tax eligibility are not.

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