Person accused u/s 3 of PMLA does not have to be charged with a Scheduled Offense: Supreme court [Read Judgement]
While setting a precedent for money laundering prosecutions even in cases where the principal offense is not directly connected, the SC looked at the role of deliberate assistance in concealing illegal proceeds.
By Aparna. M - On December 3, 2023 1:00 pm - 2 mins read
In a significant case, the Supreme Court held that a person accused under Section 3 of the Prevention of Money Laundering Act (PMLA) does not have to be charged with a scheduled offense. The ruling clarified that someone not involved in the scheduled offense but intentionally aiding in concealing criminal gains may still be charged…
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