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Mumbai's first money laundering case: Court discharges all accused after 15 yrs
Updated On: 19 April, 2023 06:03 PM IST | Mumbai | PTI
Under the PMLA, the ED can initiate a probe only when there exists a prior First Information Report of a scheduled offence -- also called predicate offence -- against a person or entity
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Representative Image. Pic/iStock
A special court in Mumbai has discharged all eight accused in the first-ever case registered under the Prevention of Money Laundering Act (PMLA) in Mumbai by the Enforcement Directorate.
Then managing director of city-based OPM International and others were discharged "in absence of a predicate offence" in the case registered in 2008.
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