Supreme Court Annual Digest 2022- Prevention of Money Laundering Act (PMLA), 2002

Prevention of Money Laundering Act 2002 - Money laundering is an independent offence. (Para 7) Dr. Manik Bhattacharya v. Ramesh Malik, 2022 LiveLaw (SC) 867 Prevention of Money Laundering Act 2002 - Protective order passed against one investigating agency cannot operate against another investigating agency even if there are factual similarities in allegations- Interim...

Rana Ayyub PMLA Case: Supreme Court Asks Ghaziabad Court To Defer Hearing Till Jan 31 [VIDEO]

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Enforcement Directorate Can Only Investigate Money Laundering Offence, Can’t Assume Commission Of Predicate Offence: Delhi High Court

The Delhi High Court has observed that Enforcement Directorate (ED) can only investigate the offence of money laundering and cannot assume, from the material gathered by it during investigation, that a predicate offence stands committedEmphasising that the Prevention of Money Laundering Act, 2002 empowers the ED to investigate offences under Section 3 only, Justice Yashwant Varma...

Prevention Of Money Laundering Act (PMLA): Digest Of High Court Cases-2022

LiveLaw reported almost 7,000 orders and judgments in 2022 from various High Courts across the country. Here is a Digest on decisions relating to Prevention of Money Laundering Act, 2002:1. Prevention Of Money Laundering Act | "For Money-Launderers Jail Is The Rule And Bail Is An Exception": Allahabad High CourtCase title - Anirudh Kamal Shukla v. Union Of India Thru. Assistant Dir....

Coal Block Case: Delhi High Court Quashes PMLA Case Against EMTA Coal After CBI Files Closure Report In 2015 FIR

The Delhi High Court has quashed the ECIR and attachment orders passed by the Enforcement Directorate against EMTA Coal Limited and other individuals, observing that if there is an acquittal or discharge or a closure report has been filed in the predicate offence, the ECIR would not stand and the same would be liable to be quashed."In view of the settled legal position in Vijay Madanlal...

Application For Cross Examination Before Adjudicating Authority Integral Part Of Adjudication Process, Not Alien To PMLA Proceedings: Delhi HC

The Delhi High Court has observed that an application for cross-examination filed before the Adjudicating Authority under Prevention of Money Laundering Act, 2002 is an integral part of the adjudication process and not alien to the proceedings under Section 8 of the enactment. The court also said cross-examination need not be permitted in every case.Justice Prathiba M Singh said that any...

PMLA | Grant Of Bail To Person Appearing In Response To Court Summons Can't Be Interfered With In Absence Of 'Supervening Circumstances': Calcutta HC

The Calcutta High Court recently ruled that an order of bail issued by Special PMLA Court in respect of accused, who appeared before it pursuant to the summons, is not open to interference until and unless supervening circumstances are brought on record. Justice Tirthankar Ghosh said there is a difference with regard to releasing a person on bail after his arrest by the investigating...

PMLA | Grant Of Bail To Person Appearing In Response To Court Summons Can't Be Interfered With In Absence Of 'Supervening Circumstances': Calcutta HC

The Calcutta High Court recently ruled that an order of bail issued by Special PMLA Court in respect of accused, who appeared before it pursuant to the summons, is not open to interference until and unless supervening circumstances are brought on record. Justice Tirthankar Ghosh said there is a difference with regard to releasing a person on bail after his arrest by the investigating...

Prima Facie Offence Of Money Laundering Not Made Out: Bombay High Court Grants Bail To Anil Deshmukh's Former Secretary Sanjeev Palande

The Bombay High Court granted bail to Sanjeev Palande, personal secretary and co-accused of former state home minister & NCP leader Anil Deshmukh in the money laundering case being investigated by ED. "This material, taken at its face value, is not sufficient to rope in the applicant for the offence of money laundering. The capacity in which the applicant rendered the services at...

Prima Facie Offence Of Money Laundering Not Made Out: Bombay High Court Grants Bail To Anil Deshmukh's Former Secretary Sanjeev Palande

The Bombay High Court granted bail to Sanjeev Palande, personal secretary and co-accused of former state home minister & NCP leader Anil Deshmukh in the money laundering case being investigated by ED. "This material, taken at its face value, is not sufficient to rope in the applicant for the offence of money laundering. The capacity in which the applicant rendered the services at...

PMLA Probe Identical In 2018 And 2020 Cases, ED Trying To Re-Investigate Same Allegations: DK Shivakumar Tells Delhi High Court

Stating that the Enforcement Directorate's money laundering investigation is identical in both 2018 and 2020 cases, Karnataka Congress Chief D.K. Shivakumar has told Delhi High Court that the probe agency is trying to re-investigate the same set of facts which have already been probed. The submission has been made by the Congress leader in the written submissions filed in his plea challenging...

Delhi High Court Issues Notice On Bail Pleas Of Vaibhav Jain, Ankush Jain In Money Laundering Case

The Delhi High Court on Monday issued a notice on the bail pleas moved by Ankush Jain and Vaibhav Jain, co-accused in a money laundering case in which Aam Aadmi Party leader Satyendar Jain is the main accused.Justice Dinesh Kumar Sharma sought response of the Enforcement Directorate while listing the matter for hearing next on December 20.According to the ED, during the check period...