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PMLA - Highlights / Catch Notes

Home Highlights September 2022 Year 2022 This

Money Laundering - Validity of look out circular - No action ...

Case Laws     Money Laundering

September 29, 2022

Money Laundering - Validity of look out circular - No action under PMLA can be resorted to unless there is a substratum of a scheduled offence for the same, which substratum should legally exist in the form of a subsisting (not quashed) criminal complaint/inquiry or if it did exist the accused has since been discharged or acquitted by a Court of competent jurisdiction. - HC

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  9. The court dismissed the third bail application filed u/s 439 of the Code of Criminal Procedure, 1973, in a case involving money laundering and illegal extortion on coal...

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