Live
- Delhi Police records Rashmika's statement in deepfake case
- PM Modi targets Pawar on farmers’ plight, neglect of irrigation sector
- Home Minister Amit Shah to address rally in Goa on May 3
- PM Modi to visit Vemulawada on May 8
- KCR ignored Warangal: Naini
- Communists, take lead to script history for Raghuveer
- Mega response to voter awareness rally
- KCR’s impromptu ‘chai pe charcha’
- Khammam: Raghuram Reddy will win with a huge majority
- Time for BRS MLAs, MLCs to pull up their socks
Just In
Prevention of Money Laundering Act cases independent of base offences: High Court
ED probe can continue even after base offences are ‘closed, compounded or quashed’
New Delhi: The Bombay High Court has ruled that investigation by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act (PMLA), 2002, can be continued "even if the base offences are closed, compounded or quashed".
The accused, promoters of Omkar Realtors and Developers, had sought their release on bail on the ground of closure of the scheduled offence. They moved the High Court after the special PMLA court in Mumbai rejected their plea on February 15, 2021. Vijay Aggarwal submitted that the moment the scheduled offence comes to an end, the PMLA proceedings also come to an end, as per the report. The lawyer added that it was a settled legal proposition that if initial action does not align with law, all subsequent and consequential proceedings would fall through for the reason that the illegality strikes at its root and the applicants could not have been remanded to further custody and were entitled to be released on bail. The report said that the Single Judge bench of Justice AS Gadkari rejected the argument, observing that the investigation under the PMLA is totally independent of the scheduled offence."Once an offence under the PMLA is registered on the basis of a Scheduled Offence, then it stands on its own and it thereafter does not require support of Predicate/Scheduled Offence. It further does not depend upon the ultimate result of the Predicate/ Scheduled Offence. Even if the Predicate/ Scheduled Offence is compromised, compounded, quashed or the accused therein is/are acquitted, the investigation of ED under PMLA does not get affected, wiped away or ceased to continue.
© 2024 Hyderabad Media House Limited/The Hans India. All rights reserved. Powered by hocalwire.com