ED Can Register Cases Under PMLA Based On Predicate Offences Under BNS Since It Substitutes IPC: Bombay High Court
The Bombay High Court recently ruled on the important question of whether offences registered under the newly enacted Bharatiya Nyaya Sanhita (BNS), 2023 can serve as valid predicate offences under the Prevention of Money Laundering Act (PMLA), despite the PMLA Schedule referring only to the repealed Indian Penal Code (IPC). The court clarified that the change in penal law does not affect the operation of the PMLA. Background of the…
