Profits Earned from Bribe Invested in Share Market Form Part of Proceeds of Crime and Can Be Attached Under PMLA: Delhi High Court
The Delhi High Court has ruled that any profits earned from bribe money invested in the share market amount to proceeds of crime and can be attached under the Prevention of Money Laundering Act, 2002 (PMLA). The Court clarified that even if the money’s value appreciates due to market factors, the illegal origin of the funds remains tainted and cannot be legitimized. Court Bench and Key Observations The division bench…
