The Delhi High Court has held that ancestral property can be attached under the PMLA if it represents the value of proceeds of crime. The Court clarified that inherited assets do not get automatic immunity in money laundering cases.
The Delhi High Court ruled that money earned from illegal cricket betting can be attached by the ED if it originates from criminal acts linked to scheduled offences under PMLA. It held that the illegal origin of funds continues to taint all profits, even if betting itself is not a scheduled offence.
