Case Law Analysis
|Madras High Court
PMLA Proceeds of Crime Include Pre-Acquired Property Used for Laundering Illicit Gains | Madras High Court Upholds ED Attachment
The Madras High Court ruled that property acquired before a predicate offence can still be classified as 'proceeds of crime' under the Prevention of Money Laundering Act (PMLA) if it is subsequently used to launder illicit gains through lease renewals or operational reinvestment. This decision reinforces the Enforcement Directorate's power to attach assets linked to money laundering, even if the property predates the criminal activity.