ED cannot proceed under PMLA against assets unrelated to money laundering: Kerala High Court

The Court observed that the provisional attachment of immovable property purchased before the commission of the alleged offence under the PMLA is ex-facie illegal and ultra vires the powers of the statute.
Kerala High court with Enforcement Directorate
Kerala High court with Enforcement DirectorateKerala High Court, Enforcement Directorate

The Kerala High Court recently held that authorities cannot proceed against properties unconnected to money laundering under Section 5 of the Prevention of Money Laundering Act, 2002 (PMLA). [Satish Motilal Bidri v Union of India & ors]

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