Supreme Court Quashes Accused in Money Laundering Case Due to Absence of Scheduled Offence. The court held that the alleged offences under Sections 406, 407, 415 to 420, 120B read with Section 34 of the Indian Penal Code, 1860, did not constitute a scheduled offence under the Prevention of Money-laundering Act, 2002, rendering the money laundering charge unsustainable under Section 3 of the PMLA.
20 Apr 2023The dispute arose from a criminal complaint registered as FIR No. 664/2013 on 29 October 2013 with the Cyberabad Police against six persons, including...
