Charges under PMLA not attracted if Investigation into Predicate Offence is Stalled: J&K and Ladakh HC [Read Order]
Charges under PMLA not attracted if investigation into predicate offence is stalled, rules J&K and Ladakh HC
By Kalyani B. Nair - On March 20, 2024 4:20 pm - 2 mins read
The Jammu and Kashmir and Ladakh High Court observed that the charges under the Prevention of Money Laundering Act, 2002 ( PMLA ) is not attracted if the investigation into predicate offence is stalled. It was alleged in the FIR that the accused persons have perpetrated bank loan fraud for an amount running into approximately…
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