Madras High Court Rules: Properties Bought Before Scheduled Offences Can Be Attached Under PMLA, Regardless of Crime Proceeds.

The Madras High Court has ruled that properties purchased before the commission of a scheduled offence can be subjected to attachment under Section 70 of the Prevention of Money Laundering Act (PMLA), even if they were not acquired using proceeds of crime.

Key Points:

• Court’s Interpretation: The court clarified that the attachment of properties under PMLA is not limited to those acquired directly with illicit funds.
• Legal Context: This ruling emphasizes the broad powers granted to authorities under the PMLA to combat money laundering.
• Implications: The decision may affect individuals who own properties unrelated to criminal proceeds but are connected to scheduled offences.
• Judicial Precedent: The ruling aligns with the law’s intent to prevent money laundering and ensure accountability.

In summary, the High Court’s decision expands the scope of the PMLA, allowing for the attachment of properties acquired prior to any scheduled offences, regardless of the source of funds used for their purchase.

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