Properties attached under PMLA can't be treated as proceeds of crime once scheduled offence quashed: Delhi High Court

The Court held that a scheduled offence is the very foundation of the offence of money laundering and once a person is acquitted of the scheduled offence, the very foundation gets knocked out.

PMLA with Delhi High Court

Published on:

01 May 2024, 11:23 am

2 min read

The Delhi High Court recently held that properties attached under the Prevention of Money Laundering Act of 2002 (PMLA) cannot be treated as proceeds of crime or be viewed as property derived from criminal activity, once the scheduled/ predicate offence is quashed by a competent court [Directorate of Enforcement v Akhilesh Singh & Ors].

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Delhi High Court

Enforcement Directorate

attachment of property

PMLA

Prevention of Money Laundering Act 2002

justice Vikas Mahajan