Court rules on effect of compromise or compounding in predicate offence proceedings under PMLA
In its 16 March 2021 decision in Babulal Verma v Enforcement Directorate (Criminal Application 201/2021 with Criminal Bail Application 974/2021), the Bombay High Court was posed with an issue regarding the fate of proceedings under the Prevention of Money Laundering Act (PMLA) 2002 in the event of compromise or compounding in a predicate offence. Facts The proceedings were brought before the Bombay High Court by means of a petition under Section 482 of the Code of Criminal Procedure 1973. Sign...
Babulal Verma Developersp Ltd Bombay High Court Enforcement Directorate Criminal Application Criminal Bail Application
Source: internationallawoffice.com