No Proceedings under PMLA Sustains after Acquittal in Predicate Offence: Delhi High Court upholds Release of Attached Properties [Read Order]

No Proceedings - PMLA Sustains - Acquittal in Predicate Offence - Delhi High Court - Release of Attached Properties - taxscan

The Delhi High Court has ruled that proceedings or prosecution under the Prevention of Money Laundering Act ( PMLA ) cannot be sustained if the accused has been acquitted in the predicate offence. The court also directed the release of attached properties on the observation that the offence of money laundering is dependent on the…

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