Property Generated from Illegal Cricket Betting Activities Constitutes ‘Proceeds of Crime’ and Can Be Attached by the ED: Delhi High Court

The Delhi High Court has delivered an important judgment on the scope of the Prevention of Money Laundering Act, 2002, ruling that even though cricket betting is not a separate predicate offence under the law, the Enforcement Directorate can still attach properties generated from such illegal activities if the source of money is linked to scheduled offences. Observation Of The Court A division bench of Justices Anil Kshetarpal and Harish…