The Delhi High Court has ruled that profits made from investing bribe money in the stock market remain “proceeds of crime” under the PMLA. The court said appreciation in value doesn’t cleanse the tainted origin of bribe-derived funds.
The Delhi High Court ruled that any increase in the value of assets or shares derived from criminal activities can be treated as “proceeds of crime” under the Prevention of Money Laundering Act (PMLA) and attached by the Enforcement Directorate.
