https://www.taxtmi.com/caselaws?id=405425 The court upheld the legality of extending judicial custody due to the complex nature of money laundering involving a significant amount. It clarified that the acceptance of a closure report in the predicate offence does not affect ongoing PMLA investigations, emphasizing the independence of PMLA proceedings. The court ruled that PMLA investigations continue even if the predicate offence is compromised, citing legislative intent. It affirmed that the ED's jurisdiction is not dependent on the predicate offence's outcome, emphasizing the autonomy of PMLA as a self-contained statute. Consequently, the court denied the applicants' request for release or bail, dismissing their applications. en-us Tue, 16 Mar 2021 00:00:00 +0530 Fri, 19 Mar 2021 09:21:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405425 The court upheld the legality of extending judicial custody due to the complex nature of money laundering involving a significant amount. It clarified that the acceptance of a closure report in the predicate offence does not affect ongoing PMLA investigations, emphasizing the independence of PMLA proceedings. The court ruled that PMLA investigations continue even if the predicate offence is compromised, citing legislative intent. It affirmed that the ED's jurisdiction is not dependent on the predicate offence's outcome, emphasizing the autonomy of PMLA as a self-contained statute. Consequently, the court denied the applicants' request for release or bail, dismissing their applications. Case-Laws Money Laundering Tue, 16 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405425