Advertisement

Not Necessary To Be Accused Of Scheduled Offence For Being Charged Under PMLA, SC Holds

The ruling stated that individuals aiding in concealing crime proceeds, even if unrelated to the scheduled offense, can be held accountable

The Supreme Court of India recently clarified that being accused in the scheduled offence is not necessary for facing charges under Section 3 of the Prevention of Money Laundering Act (PMLA). 

The ruling stated that individuals aiding in concealing crime proceeds, even if unrelated to the scheduled offense, can be held accountable. This decision emerged from an appeal against a Karnataka High Court judgment, where a former Vice-Chancellor faced PMLA charges based on allegations of facilitating money concealment during her tenure. 

The Court emphasised that the scheduled offense must exist for PMLA charges, even if all accused in the scheduled offense are acquitted or proceedings are quashed.


Tags assigned to this article:
supreme court pmla Scheduled Offence

Around The World

Advertisement