The Supreme Court has stayed a Delhi High Court ruling that allowed the ED to treat money from illegal online cricket betting as “proceeds of crime” under the PMLA. The apex court will now examine whether the ED can act when betting offences are not listed as scheduled crimes under the law.
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.