Under the PMLA, the ED can initiate a probe only when there exists a prior First Information Report of a scheduled offence also called predicate offence against a person or entity
A special court here has discharged all eight accused in the first-ever case registered under the Prevention of Money Laundering Act (PMLA) in Mumbai by the Enforcement Directorate.
The PMLA court discharged then managing director of city-based OPM International and others “in absence of a predicate offence” in the case registered in 2008.