HC quashes all laundering cases against Tech M’ndra

In a major relief totoday, the High Court at Hyderabad quashed all money laundering cases filed by Enforcement Directorate (ED) against the infotech major.

ED had filed cases against the erstwhile Satyam Computers Services Limited (SCSL) and its promoters.

ED’s contention was that since Tech Mahindra had acquired Satyam, it automatically became an accused.

However, In June 2014, Tech Mahindra filed a writ petition questioning the criminal prosecution commenced by ED against it.