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SC Upholds PMLA Prosecution, Holds Money Laundering Is a Continuing Offence
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AdvertisementPradeep Nirankarnath Sharma Vs Directorate of Enforcement & Anr.
(Supreme Court of India) The Supreme Court allowed the appeal for hearing but dismissed the appeal challenging the Gujarat High Court’s order affirming the rejection of the appellant’s discharge application in proceedings under the Prevention of Money Laundering Act, 2002 (PMLA).
The appellant had sought discharge under Section 227 of the Code of Criminal Procedure from prosecution under Sections 3 and 4 of the PMLA.
The proceedings arose from an Enforcement Case Information Report (ECIR) registered on 12.03.2012 ...