Whether salaries drawn prior to alleged commission of PMLA offences would constitute "proceeds of crime": What Madras High Court ruled
Enforcement Directorate, PMLA

Whether salaries drawn prior to alleged commission of PMLA offences would constitute "proceeds of crime": What Madras High Court ruled

The Court was dealing with the plea moved in connection with PMLA cases lodged in 2015 against the First Leasing Company of India Limited (FLCI).

The Madras High Court recently ruled that the salaries drawn by an employee prior to the commission of alleged money laundering activities by a company would not constitute the proceeds of a crime under the Prevention of Money Laundering Act (PMLA) (S Dilliraj and anr v. The Deputy Director, The Directorate of Enforcement).

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