Supreme Court upholds stringent provisions of Money Laundering Act
2 years, 4 months ago

Supreme Court upholds stringent provisions of Money Laundering Act

Hindustan Times  

The Supreme Court on Wednesday upheld stringent provisions of the Prevention of Money Laundering Act in relation to expansive definition of proceeds of crime, search and seizure, power of arrest, attachment of properties and tough bail conditions. Prevention of Money Laundering Act: The Supreme Court delivered its verdict on a batch of petitions concerning the interpretation of certain provisions of the PMLA. Several politicians including Congress leader Karti Chidambaram and former Jammu and Kashmir chief minister Mehbooba Mufti had challenged various provisions of the PMLA. The Union government had defended the stringent provisions arguing that money laundering poses threat not only to financial systems but the integrity and sovereignty of the nation.

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History of this topic

Reining in Excess: Punjab & Haryana High Court's Judgments Curtailing ED's Arbitrary Powers
1 week, 3 days ago

Reining in Excess: Punjab & Haryana High Court's Judgments Curtailing ED's Arbitrary Powers

Live Law  

The arrest and detention under the Prevention of Money Laundering Act often turn out to be a punishment due to the wide powers given to the Enforcement Directorate and its stringent bail provisions. Judges Of PMLA Courts Not Supposed To Act Like "Extended Arm Of ED" The High Court pointed out the practice of passing custodial interrogation orders in a …

SC ruling provides precedent as Chidambaram gets relief, Kejriwal seeks protection
1 month ago

SC ruling provides precedent as Chidambaram gets relief, Kejriwal seeks protection

Hindustan Times  

Senior Congress leader and former Union minister P Chidambaram on Wednesday succeeded in getting the trial proceedings against him in the Aircel-Maxis case stayed, while former Delhi chief minister Arvind Kejriwal moved the Delhi high court demanding a similar relief in the Delhi excise policy case -- developments that have put the spotlight on a November 6 Supreme Court ruling, …

Prior sanction a must in PMLA cases against officials, says SC
1 month, 2 weeks ago

Prior sanction a must in PMLA cases against officials, says SC

Hindustan Times  

The Supreme Court on Wednesday ruled that prior sanction is mandatory to prosecute public servants in money laundering cases, establishing a key procedural safeguard under the stringent Prevention of Money Laundering Act and adding a layer of accountability to PMLA prosecutions involving public servants. The decision, rendered by a bench of justices Abhay S Oka and AG Masih, reinforced the …

Requirement Of Expeditious Trial Must Be Read Into Special Statutes Imposing Stringent Bail Provisions : Supreme Court
2 months, 4 weeks ago

Requirement Of Expeditious Trial Must Be Read Into Special Statutes Imposing Stringent Bail Provisions : Supreme Court

Live Law  

The Supreme Court while granting bail to former Tamil Nadu Minister Senthil Balaji, held that higher thresholds for granting bail in stringent penal statutes like the PMLA, UAPA, and NDPS Act cannot be a tool to keep an accused incarcerated without trial. I t is a well settled principle of our criminal jurisprudence that “bail is the rule, and jail …

India should increase capacity of court system to reduce number of pending trials in money laundering cases: FATF report
3 months ago

India should increase capacity of court system to reduce number of pending trials in money laundering cases: FATF report

The Hindu  

India should aim to reduce the number of pending trials in money laundering cases by making major changes to increase the capacity of the court system, and potentially the capability of the Enforcement Directorate, as per the Financial Action Task Force mutual assessment report of India. Saturation of system The report said the limited number of specialised prosecutors in ED …

SC fixes final hearing of PMLA review petitions in October
3 months ago

SC fixes final hearing of PMLA review petitions in October

Hindustan Times  

The Supreme Court on Wednesday scheduled the final hearing of review petitions challenging its 2022 judgment in the Vijay Madanlal Choudhary case, which upheld several controversial provisions of the Prevention of Money Laundering Act, for October 16 and 17. On August 25, 2022, the Supreme Court issued notice to the Union government in response to Chidambaram’s review petition against the …

Confusion over listing of Prevention of Money Laundering Act cases in Madras High Court
3 months, 1 week ago

Confusion over listing of Prevention of Money Laundering Act cases in Madras High Court

The Hindu  

Confusion has arisen in the Madras High Court on the issue of listing petitions related to the Prevention of Money Laundering Act of 2002. The decision to recall was taken after the Registry brought it to the judges’ notice that Rule 17 of the Madras High Court Writ Rules, 2021 require all writ petitions related to PMLA to be listed …

The Right To Bail Under Prevention Of Money Laundering Act: Balancing Justice And Liberty?
3 months, 1 week ago

The Right To Bail Under Prevention Of Money Laundering Act: Balancing Justice And Liberty?

Live Law  

In recent times, India's criminal law jurisprudence has witnessed an increasing emphasis on enacting stringent laws with an aim to curb economic offences, particularly the menace of money laundering. The Supreme Court held that while the nature of the offence under PMLA is indeed serious, the right to a speedy trial and the right to liberty cannot be ignored. The …

A wave of SC verdicts declaw PMLA’s stringent bail provision
3 months, 3 weeks ago

A wave of SC verdicts declaw PMLA’s stringent bail provision

The Hindu  

A wave of Supreme Court judgments has seen the declawing of a stringent bail provision under the Prevention of Money Laundering Act while emphasising that liberty is the rule while jail is an exception. Justice Viswanathan, while granting bail to Jharkhand Chief Minister Hemant Soren’s aide Prem Prakash bail under the PMLA, explained that Section 45 cannot be used to …

'Bail Is Rule, Jail Exception': Supreme Court On Money Laundering Cases
3 months, 3 weeks ago

'Bail Is Rule, Jail Exception': Supreme Court On Money Laundering Cases

News 18  

The general principle of law is that the ‘bail is rule and jail is exception’, the Supreme Court observed on Wednesday, adding, that the rule applies even to money laundering cases under the Prevention of Money Laundering Act. The court’s remark came while a bench of Justices BR Gavai and KV Viswanathan was hearing a case involving one Prem Prakash, …

Bail always the norm, even in money laundering cases: SC
3 months, 3 weeks ago

Bail always the norm, even in money laundering cases: SC

The Hindu  

The Supreme Court on Wednesday held that bail is the rule and jail is an exception even in money laundering cases. The judgment, authored by Justice Viswanathan, granted relief to Jharkhand Chief Minister Hemant Soren’s aide, Prem Prakash, in an illegal mining-related case registered by the Enforcement Directorate. The court held that Section 45 of the Prevention of Money Laundering …

Supreme Court Forms Special Bench To Hear Review Petitions Against Judgment Upholding PMLA Provisions, Hearing Tomorrow
4 months, 2 weeks ago

Supreme Court Forms Special Bench To Hear Review Petitions Against Judgment Upholding PMLA Provisions, Hearing Tomorrow

Live Law  

A special bench of the Supreme Court will hear tomorrow petitions seeking review of the 2022 judgment in Vijay Madanlal Choudhary v.Union of India which upheld the various provisions of the Prevention Money Laundering Act relating to arrest, search, seizure, bail etc.The bench comprising Justices Surya Kant, CT Ravikumar and Ujjal Bhuyan will hear the matters at 2 PM tomorrow. …

Supreme Court rules ED cannot arrest accused after special court takes cognisance of complaint | DETAILS
7 months, 1 week ago

Supreme Court rules ED cannot arrest accused after special court takes cognisance of complaint | DETAILS

India TV News  

The Supreme Court on Thursday ruled that the Enforcement Directorate cannot make an arrest once a special court takes cognisance of a complaint the federal agency filed under the Prevention of Money Laundering Act. Furthermore, it ruled that those accused who voluntarily appear before a special court following summons from the ED aren't required to meet the rigorous criteria for …

Probe agencies must give written grounds of arrest in UAPA cases, Supreme Court declares in NewsClick judgment
7 months, 1 week ago

Probe agencies must give written grounds of arrest in UAPA cases, Supreme Court declares in NewsClick judgment

The Hindu  

The Supreme Court on May 15 held that the right to life and personal liberty is the most sacrosanct of fundamental rights while declaring that investigating agencies should provide people arrested under the Unlawful Activities Prevention Act with a written copy of information specifying the grounds of their arrest. Gavai and Sandeep Mehta applied its earlier judgment in the Pankaj …

Vulnerable to criticism: On the ED and a possible violation of federal principles
9 months, 3 weeks ago

Vulnerable to criticism: On the ED and a possible violation of federal principles

The Hindu  

The structure of the law against money laundering is bound to throw up perplexing questions about the possible violation of federal principles. One such question has arisen in Tamil Nadu, where the Enforcement Directorate is trying to find out whether illegal sand mining in the State is due to corruption and if the “proceeds” are being laundered. In ruling that …

Supreme Court Annual Digest 2023- Prevention of Money Laundering Act (PMLA), 2002
10 months, 4 weeks ago

Supreme Court Annual Digest 2023- Prevention of Money Laundering Act (PMLA), 2002

Live Law  

Prevention of Money Laundering Act – Section 3 – Registration of ECIR – Effect of delay – Information about all complaints, the nature of the complaints, and the amount of money allegedly collected towards illegal gratification had all come into the public domain – Once a piece of information relating to the acquisition of a huge amount of illegal gratification …

Money laundering case: PMLA court grants bail to ex-revenue officer
1 year, 2 months ago

Money laundering case: PMLA court grants bail to ex-revenue officer

Hindustan Times  

A Prevention of Money Laundering Act Special Court, Panchkula, granted bail to former district revenue officer-cum-land acquisition collector of Panchkula in a money laundering case linked to alleged financial fraud with the National Highways Authority of India and the Haryana State Infrastructural and Industrial Cooperation. Naresh Kumar Sheokhand, 63, former district revenue officer-cum-land acquisition collector of Panchkula had pressed on …

SC to hear petitions challenging its order upholding PMLA provisions tomorrow
1 year, 2 months ago

SC to hear petitions challenging its order upholding PMLA provisions tomorrow

Live Mint  

Supreme Court on Wednesday will hear the batch of petitions challenging the July 2022 judgment of the apex court which upheld the provisions of the Prevention of Money Laundering Act. Delhi excise policy case: CBI, ED tells Supreme Court contemplating making AAP accused A special bench of Justice Sanjay Kishan Kaul, Justice Sanjiv Khanna, and Justice Bela M. Trivedi will …

Supreme Court to hear review pleas against verdict upholding PMLA provisions on Oct 18
1 year, 2 months ago

Supreme Court to hear review pleas against verdict upholding PMLA provisions on Oct 18

India Today  

The Supreme Court will on October 18 take up petitions challenging the 2022 judgment that had upheld the provisions of the Prevention of Money laundering Act. During the hearing in the Delhi liquor scam case of Bharat Rashtra Samithi leader K Kavitha, a bench headed by Justice SK Kaul said, "The special bench to hear review petitions on PMLA provisions …

Money Laundering : A Process Or A Punishment
1 year, 3 months ago

Money Laundering : A Process Or A Punishment

Live Law  

Money laundering is something as engaging “proceeds of crime” in any matter projecting as untainted money. The Supreme Court’s ruling upholding all the contentious provisions of the Prevention of Money Laundering Act tumbles short of judicial standards of reviewing legislative action. The provisions of the PMLA must stand the test of due process under Article 21;Section 50 of the PMLA …

Supreme Court stays ED probe in Chhattisgarh liquor scam case
1 year, 5 months ago

Supreme Court stays ED probe in Chhattisgarh liquor scam case

The Hindu  

The Supreme Court on Tuesday asked the Enforcement Directorate to “stay their hand in all manner” in a money laundering case linked to the alleged ₹2,000 crore liquor scam in Chhattisgarh. While hearing the matter on May 16, the top court had told the ED not to create an “atmosphere of fear”, after the Chhattisgarh government had alleged that the …

Petitions against two PMLA provisions need to stop: Supreme Court
1 year, 6 months ago

Petitions against two PMLA provisions need to stop: Supreme Court

Hindustan Times  

The Supreme Court on Monday said the trend of filing petitions challenging the constitutional validity of certain provisions of the Prevention of Money Laundering Act must stop, even as it decided to take up on Tuesday a batch of petitions filed by persons facing a probe in the alleged Chhattisgarh liquor scam case. “You are challenging the vires of Section …

‘Repeated Use Of Template Paragraphs Impermissible’: Delhi High Court Warns PMLA Adjudicating Authority Of Action
1 year, 7 months ago

‘Repeated Use Of Template Paragraphs Impermissible’: Delhi High Court Warns PMLA Adjudicating Authority Of Action

Live Law  

The Delhi High Court had warned the Adjudicating Authority under Prevention of Money Laundering Act, 2002 to not use “disconcerting language” in its orders and said that repeated use of “template paragraphs” is not permissible. Justice Prathiba M Singh directed the Appellate Tribunal under PMLA to ensure that the Adjudicating Authority abides by the principles of natural. Justice Prathiba M …

PMLA in Consonance with Global Standards Set by Financial Action Task Force: Solicitor-General Tells Supreme Court
1 year, 7 months ago

PMLA in Consonance with Global Standards Set by Financial Action Task Force: Solicitor-General Tells Supreme Court

Live Law  

Provisions of the Prevention of Money Laundering Act, 2002 are in compliance with the global standard set by the Financial Action Task Force and a part of the intergovernmental response to organised crime, said Solicitor-General for India Tushar Mehta. On another day, senior counsel C Aryama Sundaram argued that he would read the judgement “as it stood” to support his …

Supreme Court issues notice to Centre, ED on plea challenging Sections 50 & 63 of PMLA
1 year, 8 months ago

Supreme Court issues notice to Centre, ED on plea challenging Sections 50 & 63 of PMLA

India Today  

The Supreme Court on Tuesday issued notice to the Centre and the Enforcement Directorate on a petition that has challenged the constitutionality of Section 50 and Section 63 of the Prevention of Money Laundering Act, 2022. READ | Explained: Supreme Court's big verdict on Prevention of Money Laundering Act During a brief hearing, senior advocate Kapil Sibal appeared for Singh …

Supreme Court Dismisses Ex-AAP Councillor Tahir Hussain's Plea Challenging Money Laundering Charges
1 year, 10 months ago

Supreme Court Dismisses Ex-AAP Councillor Tahir Hussain's Plea Challenging Money Laundering Charges

Live Law  

On Monday, the Supreme Court refused to interfere in an SLP moved by ex-MCD councillor and AAP leader Tahir Hussain seeking relief in a money laundering case. Hussain was challenging a Delhi High Court order which had dismissed his plea challenging the charges framed against him in a money laundering case registered in connection with the North East Delhi riots …

PMLA Prosecution Cannot Continue If Accused Is Discharged From The Scheduled Offence: Supreme Court
2 years, 1 month ago

PMLA Prosecution Cannot Continue If Accused Is Discharged From The Scheduled Offence: Supreme Court

Live Law  

The Supreme Court reiterated that the prosecution under the Prevention of Money-Laundering Act cannot continue if the accused is discharged from the scheduled offence.The court observed thus while allowing a writ petition filed by one Indrani Patnaik and others. "The record as it stands today, the petitioners stand discharged of the scheduled offence and therefore, in view of the law …

Supreme Court adjourns for 3 weeks hearing on plea challenging verdict on PMLA provisions
2 years, 1 month ago

Supreme Court adjourns for 3 weeks hearing on plea challenging verdict on PMLA provisions

India TV News  

Highlights SC adjourned for three weeks hearing on review petition challenging a judgement It's related to upholding constitutional validity of various provisions of PMLA Bench headed by CJI adjourned matter after Solicitor General Tushar Mehta sought an adjournment Supreme Court news: The Supreme Court on Tuesday adjourned for three weeks hearing on review petition challenging judgment relating to upholding the …

SC Agrees to Relook Its July 27 Verdict Upholding ED's Power to Arrest Under Stringent PMLA
2 years, 3 months ago

SC Agrees to Relook Its July 27 Verdict Upholding ED's Power to Arrest Under Stringent PMLA

News 18  

The Supreme Court on Wednesday agreed to take a relook at its July 27 PMLA judgment upholding Enforcement Directorate’s power to arrest under the stringent law. The Supreme Court was hearing a review petition on its verdict on the money laundering Act — Prevention of Money Laundering Act — days after it upheld ED power to arrest under the stringent …

BREAKING| Supreme Court Allows Open Court Hearing For Review Against PMLA Judgment; Hearing Tomorrow
2 years, 3 months ago

BREAKING| Supreme Court Allows Open Court Hearing For Review Against PMLA Judgment; Hearing Tomorrow

Live Law  

The Supreme Court on Wednesday allowed open court hearing in the review petition filed against the judgment upholding the provisions of the Prevention of Money Laundering Act.A 3-judge bench comprising Chief Justice of India NV Ramana, Justice Dinesh Maheshwari and Justice CT Ravikumar passed the order allowing oral hearing in the review petition filed by Karti P Chidambaram. The Supreme …

Plea In Supreme Court Seeks Review Of Its PMLA Judgment
2 years, 4 months ago

Plea In Supreme Court Seeks Review Of Its PMLA Judgment

Live Law  

A review petition has been filed before the Supreme Court against its July 27 judgment in Vijay Madanlal Choudhary vs Union of India which upheld the power of arrest, attachment and search and seizure conferred on the Enforcement Directorate by the Prevention of Money Laundering Act, 2002. The Court also upheld the reverse burden of proof under Section 24 of …

PMLA verdict — due process will be bulldozed
2 years, 4 months ago

PMLA verdict — due process will be bulldozed

The Hindu  

Outcomes in matters of constitutional law disputes depend on the values that the constitutional court choose to emphasise over those it chooses to discount. The recent decision of the Supreme Court of India in Vijay Madanlal Choudhary vs Union Of India, where it found all the provisions of the Prevention of Money Laundering Act, 2002 as amended from time to …

Explained | What has the Supreme Court said on PMLA’s validity?
2 years, 4 months ago

Explained | What has the Supreme Court said on PMLA’s validity?

The Hindu  

The story so far: The Supreme Court has upheld several provisions of the Prevention of Money Laundering Act that deal with a wide range of issues, from what constitutes the main offence to the powers of the Enforcement Directorate and the procedure for conducting searches and seizures and effecting arrests. The UN Convention against Transnational Organized Crime of 2000 also …

Narrow view: The Hindu Editorial on the Supreme Court verdict on the Prevention of Money Laundering Act
2 years, 4 months ago

Narrow view: The Hindu Editorial on the Supreme Court verdict on the Prevention of Money Laundering Act

The Hindu  

Narrow view The Supreme Court’s verdict upholding all the controversial provisions of the Prevention of Money Laundering Act falls short of judicial standards of reviewing legislative action. Undergirding every aspect of its analysis is a belief that India’s commitment to the international community on strengthening the domestic legal framework for combating money-laundering is so inviolable that possible violation of fundamental …

Deep dive into top court’s verdict on PMLA ambit, ED powers
2 years, 4 months ago

Deep dive into top court’s verdict on PMLA ambit, ED powers

Hindustan Times  

The Supreme Court, by its judgment on Wednesday, approbated the wide powers of the Enforcement Directorate sanctioned under the 2002 Prevention of Money Laundering Act. Ratifying the agency’s powers to summon individuals, make arrests, conduct raids, and attach properties, the top court justified its special powers to tackle the “heinous” offence of money laundering. In Ishwar Singh Bindra & Ors …

SC upholds ED\'s powers under stringent PMLA
2 years, 4 months ago

SC upholds ED\'s powers under stringent PMLA

Deccan Chronicle  

New Delhi: The Supreme Court on Wednesday upheld the validity of various stringent provisions of the Prevention of Money Laundering Act empowering the Enforcement Directorate to arrest, provisionally attach properties suspected to be the proceeds of crime and is not bound to supply a copy of the ECIR at the time of detaining an accused in a money laundering case. …

Decoding the big SC verdict on Prevention of Money Laundering Act
2 years, 4 months ago

Decoding the big SC verdict on Prevention of Money Laundering Act

India Today  

In an important judgment on Wednesday, the Supreme Court upheld the provisions of the Prevention of Money Laundering Act and retained the powers of the Enforcement Directorate. The Parliament in its wisdom has regarded the property derived or obtained as a result of specified criminal activity, being an offence under the concerned legislation mentioned in the Schedule.” ON TWIN BAIL …

Centre’s misuse of ED will increase after SC decision on PMLA, says Ashok Gehlot
2 years, 4 months ago

Centre’s misuse of ED will increase after SC decision on PMLA, says Ashok Gehlot

Hindustan Times  

Rajasthan chief minister Ashok Gehlot on Wednesday termed the Supreme Court’s decision to uphold the power of the Enforcement Directorate to make arrests in money laundering cases as disappointing and worrying and said that the possibility of ED’s political misuse by the Centre will increase after the SC judgement. Rajasthan chief minister Ashok Gehlot said that the pronouncement of the …

Supreme Court upholds powers of arrest, raids, seizure under PMLA
2 years, 4 months ago

Supreme Court upholds powers of arrest, raids, seizure under PMLA

The Hindu  

The Supreme Court on Wednesday upheld the core amendments made to the Prevention of Money Laundering Act, which gives the government and the Enforcement Directorate virtually unbridled powers of summons, arrest, and raids, and makes bail nearly impossible while shifting the burden of proof of innocence on to the accused rather than the prosecution. The apex court called the PMLA …

Supreme Court upholds power of ED to arrest under PMLA
2 years, 4 months ago

Supreme Court upholds power of ED to arrest under PMLA

Hindustan Times  

The union government on Wednesday received a shot in the arm with the Supreme Court affirming the constitutional validity of the stringent provisions of the Prevention of Money Laundering Act. The bench, which will also comprise justices Dinesh Maheshwari and CT Ravi Kumar, held that the power given to ED for making arrests, conducting search and seizures and attach proceeds …

Money laundering: SC upholds ED’s power to arrest under PMLA
2 years, 4 months ago

Money laundering: SC upholds ED’s power to arrest under PMLA

Live Mint  

The Supreme Court has upheld the power bestowed upon the Enforcement Directorate to arrest under the Prevention of Money Laundering Act. The Supreme Court announced on July 15 that its decision regarding the arguments against the Prevention of Money Laundering Act's provisions is "nearly ready." Mufti contested Section 50's constitutionality as well as any ancillary sections of the 2002 Prevention …

Supreme Court to deliver verdict on pleas against Money Laundering Act today
2 years, 4 months ago

Supreme Court to deliver verdict on pleas against Money Laundering Act today

Hindustan Times  

The Supreme Court on Wednesday will deliver its judgment on a clutch of petitions challenging the validity of a slew of stringent provisions added to the Prevention of Money Laundering Act. A bench, headed by justice AM Khanwilkar, will pronounce its verdict on a spectrum of issues pertaining to the rigorous provisions enunciated under PMLA and the wide powers accorded …

Supreme Court decision on ambit of money laundering law, power of probe agencies today
2 years, 4 months ago

Supreme Court decision on ambit of money laundering law, power of probe agencies today

India Today  

The Supreme Court will deliver the judgment on petitions challenging the constitutionality of several provisions of the Prevention of Money Laundering Act tomorrow. The judgement assumes significance as it will address several issues concerning investigative powers, witness summoning, arrests and seizures made by the Enforcement Directorate, and the bail process under the PMLA law. The ruling will have a huge …

Judgement on cases challenging PMLA act almost ready, says SC
2 years, 5 months ago

Judgement on cases challenging PMLA act almost ready, says SC

India Today  

Justice AM Khanwilkar of the Supreme Court on Friday indicated that the judgement in the cases challenging the validity of various sections of the Prevention of Money Laundering Act would likely be pronounced in the next few days. This is significant because the PMLA judgement will address several issues concerning investigative powers, witness summoning, ED arrest and seizure, and the …

Will Supreme Court ruling on PMLA help Rahul, Sonia in National Herald case?
2 years, 6 months ago

Will Supreme Court ruling on PMLA help Rahul, Sonia in National Herald case?

India Today  

As the Enforcement Directorate summoned Rahul Gandhi for a second day in National Herald case, Congress leaders have raised questions about the FIR on the basis of which a probe under the Prevention of Money Laundering Act is being conducted. Even otherwise, it is incumbent upon the court to look into the allegation and the material collected in support thereto …

Alerting accused defeats PMLA’s purpose: Government
2 years, 9 months ago

Alerting accused defeats PMLA’s purpose: Government

The Hindu  

Alerting an accused by sharing with him information about arrest, FIR and allegations in a money laundering case would defeat the very purpose of the law, the government argued in the Supreme Court on Wednesday. Arguing before a three-judge Bench led by Justice A.M. Khanwilkar, Solicitor-General Tushar Mehta, for the government, said "the very purpose of the Prevention of Money …

Very concept of offence of money laundering in PMLA is very wide: SC
2 years, 10 months ago

Very concept of offence of money laundering in PMLA is very wide: SC

The Hindu  

The Supreme Court on February 22 said the very concept of the offence of money-laundering in the Prevention of Money Laundering Act is “very wide” and any activity connected with the proceeds of crime is encompassed within the expression of Section 3 of the legislation. Section 3 of the PMLA says whosoever directly or indirectly attempts to indulge or knowingly …

Low Conviction Rates In ED Cases Not A Ground To Decide Validity Of PMLA Provisions, Says Supreme Court During Hearing
2 years, 10 months ago

Low Conviction Rates In ED Cases Not A Ground To Decide Validity Of PMLA Provisions, Says Supreme Court During Hearing

Live Law  

On Wednesday, Senior Advocate Maneka Guruswamy, for one of the petitioners, had told the Court that of the 1700 raids conducted and 1569 specific investigations by the ED- with rates increasing by 20% every year, and then doubling and tripling- since 2011, only 9 convictions have been secured. What has happened and what has not happened in a particular individual …

PMLA Interpretation: Senior Lawyers Question Constitutionality Of Bail, Arrest & Attachment Procedure
2 years, 10 months ago

PMLA Interpretation: Senior Lawyers Question Constitutionality Of Bail, Arrest & Attachment Procedure

Live Law  

The Supreme Court on Wednesday continued hearing the batch of petitions concerned with the interpretation of the Prevention of Money Laundering Act, 2002.The matter was listed before the bench of Justices AM Khanwilkar, Dinesh Maheshwari and CT Ravikumar.Submission Of CounselsSubstance Of PMLA Is That It's Impossible For Accused & Judge Per Se To Give Bail Which Amounts To. Explanation Under …

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