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HC held that discharge in predicate offence does not automatically invalidate PMLA proceedings. The money laundering offence under PMLA is distinct from the scheduled offence generating proceeds of crime. Summons issued under Section 50 PMLA remain valid and cannot be quashed solely on grounds of discharge in underlying criminal case. The Enforcement Directorate retains authority to pursue investigations and enforcement actions independently, provided proceeds of crime and laundering activities can be substantiated. The petition challenging PMLA summons was consequently dismissed for lack of merit, affirming the procedural autonomy of money laundering investigations.
HC held that discharge in predicate offence does not automatically invalidate PMLA proceedings. The money laundering offence under PMLA is distinct from the scheduled offence generating proceeds of crime. Summons issued under Section 50 PMLA remain valid and cannot be quashed solely on grounds of discharge in underlying criminal case. The Enforcement Directorate retains authority to pursue investigations and enforcement actions independently, provided proceeds of crime and laundering activities can be substantiated. The petition challenging PMLA summons was consequently dismissed for lack of merit, affirming the procedural autonomy of money laundering investigations.
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