The Supreme Court will examine whether acquittal in a predicate criminal case automatically ends money-laundering proceedings by the Enforcement Directorate. The court questioned earlier rulings and warned that such a view could defeat the very purpose of the PMLA.
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.
