FIR for Scheduled Offence Not Necessary for Civil Action Under PMLA; ED Probe Against CMRL Upheld: Kerala High Court
The Kerala High Court has dismissed an appeal filed by Cochin Minerals and Rutile Limited (CMRL) and its officials challenging the proceedings initiated by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act, 2002 (PMLA). The Court held that the absence of an FIR or criminal complaint regarding a scheduled offence does not prevent the ED from initiating civil proceedings under the PMLA. Court and Bench The judgment…
