PMLA Proceedings Cannot Be Erased Merely Because Predicate Offence Was Quashed on the Basis of Compromise: Delhi High Court

The Delhi High Court has held that a prosecution under the Prevention of Money Laundering Act, 2002 (PMLA) can continue even when the underlying or predicate offence has been quashed on the basis of a compromise between the parties. The Court made it clear that a settlement between the complainant and the accused does not automatically establish that the scheduled offence never took place or that no proceeds of crime…