How the Delhi High Court interpreted “proceeds of crime” under PMLA, 2002September 11 2018
The Delhi High Court last week interpreted the definition of “proceeds of crime” as defined under Section 2(1)(u) of the Prevention of Money Laundering Act, 2002 (PMLA) and set aside the Provisional Attachment Order (PAO) filed by the Enforcement Directorate (ED) against Himachal EMTA Power Limited (HEPL/Petitioner).
The Petitioner challenged the PAO by way of a Writ Petition on several grounds including that the
“… ED has not provided any . . .
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