2024 (7) TMI 817 - SCH - Money Laundering

Money Laundering - Criminal conspiracy - petitioner was convicted for the predicate offences under Sections 120B, 409 r/w 109 of the IPC - it was held by High Court that 'Since the respondent has no jurisdiction to invoke the provisions of PMLA, as there are no proceeds of crime relating to any scheduled offence, the proceedings impugned in the Writ Petition is also liable to be set aside.' - HELD THAT - There are no reason to interfere with the impugned judgment and, hence, the special leave petitions are dismissed.

Summary

The Supreme Court dismissed the special leave petitions without interference with the impugned judgment. Delay was condoned, and pending applications were disposed of.