Supreme Court Quashes PMLA Complaint for Lack of Scheduled Offence — Conspiracy to Commit Non-Scheduled Offences Does Not Attract PMLA. The Court held that Section 120B IPC becomes a scheduled offence only if the conspiracy is to commit a scheduled offence, and in the absence of any scheduled offence, there can be no proceeds of crime or offence under Section 3 PMLA....
The Supreme Court considered four writ petitions challenging a complaint filed by the Directorate of Enforcement under Section 44(1)(b) of the Prevention of Money-Laundering Act, 2002 (PMLA) concernin...
