The Supreme Court held that the dispensation regarding Prevention of Money Laundering, Attachment of...

The Supreme Court held that the dispensation regarding Prevention of Money Laundering, Attachment of Proceeds of Crime, and Inquiry/Investigation of offence of Money Laundering, including issuing summons, recording statements, and calling for production of documents, is fully governed by the provisions of the PMLA itself. The jurisdictional police, governed by Chapter XII of the Code, cannot register or investigate the offence of money laundering due to the special procedure prescribed under the PMLA. The ratio in Vijay Madanlal case upheld the validity of Section 50, which enables the authorized Authority to summon any person for giving evidence or producing records during proceedings under the Act. The person summoned is bound to attend a..... .....

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