The court, in a decision released on Wednesday, stated that mere filing of the appeal against the acquittal in the predicate offence would not mean that the accused would continue to suffer the rigours of criminal proceedings or attachment under the PMLA.
The Court held that a scheduled offence is the very foundation of the offence of money laundering and once a person is acquitted of the scheduled offence, the very foundation gets knocked out.
The Bombay High Court on Tuesday sought the response of the Enforcement Directorate (ED) on a plea by Jet Airways founder Naresh Goyal seeking bail in a money laundering case arising from loan default.
The Supreme Court on Tuesday (April 30) reserved the Judgment on the issue whether an accused in a money laundering case is required to fulfil the twin conditions for bail under Section 45 of the.
The Enforcement Directorate on Tuesday filed a fresh charge sheet in the Mahadev betting app-linked money laundering case, in which various high-ranking politicians and bureaucrats from Chhattisgarh are alleged to have been involved.