Page 2 - Predicate Offence News Today

The Court was hearing pleas seeking reconsideration of its earlier judgment in Vijay Madanlal Choudhary v. Union of India, in which the validity of provisions of the PMLA was upheld.

The Delhi High Court has quashed an ECIR and proceedings arising therefrom, observing that the predicate offence had already been quashed and the order to that effect had attained finality.Earlier,...

Nitesh Rana speaks on resigning as an ED prosecutor, starting his independent practice, low convictions in money laundering cases and more.

The Kerala High Court on Thursday made a seminal observation that the Prevention of Money Laundering Act (PML Act, 1992) does not stipulate presumption of guilt of accused for the predicate offences...

Whether the Enforcement Directorate should be granted a hearing before a predicate offence is quashed? The Supreme Court is set to consider this issue. The Court said that this issue raised by...

Three persons who were named as accused in the drugs cases, booked for allegedly smuggling cocaine, were discharged from the case previously in 2019.

A PMLA court in Mumbai granted bail to Yes Bank Founder Rana Kapoor in a Rs 200 Crore loan fraud case. Special Judge MG Deshpande granted him bail on a PR bond of Rs 1 lakh. However, he will not...

High Court said if ED comes to a conclusion that an offence other than money laundering has been committed, it would be obliged to furnish the information to the concerned agency.

The Bombay High Court recently ordered that no coercive action be taken till January 31 against Jet Airways founder Naresh Goyal and his wife Anita Goyal in a money laundering case registered by ED.

The Court observed that persons who were not accused in the original criminal activity that resulted in the generation of the proceeds of the crime, could still be prosecuted under the Prevention of Money Laundering Act