India: Supreme Court to examine if ED can attach ancestral assets as ‘proceeds of crime’ in money laundering cases
13 Oct 2021

The Supreme Court has agreed to examine the legal issue of whether the Enforcement Directorate can attach ancestral properties of the accused under the Prevention of Money Laundering Act (PMLA) as “proceeds of crime“.

he question came up for consideration before the top court on an appeal filed by the Enforcement Directorate (ED) challenging an order of the Karnataka High Court which observed that action under the Prevention of Money Laundering Act, 2002 cannot proceed in respect of the ancestral property.

Read more at The Economic Times

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