2024 (2) TMI 259 - SCH - Money Laundering

Maintainability of SLP - money laundering - predicate offence - The High Court has allowed the petition of the respondent and quashed the ground that, If the person is finally discharged/acquitted of the scheduled offence or the criminal case against him is quashed by the Court of competent jurisdiction, there can be no offence of money-laundering against him or any one claiming such property being the property linked to stated scheduled offence through him. HELD THAT - The Special Leave Petition filed by the ED is dismissed as not pressed.

Summary

The Supreme Court dismissed the Special Leave Petition as the petitioner did not press for it at this stage. The petitioner sought liberty to file a fresh petition if the complainant's petition challenging the quashing of the predicate offence is allowed. Enforcement Directorate can file a petition for revival of proceedings under the Prevention of Money Laundering Act if the complainant's petition is allowed.