Unexplained assets not enough to invoke PMLA, says Alld HC | Prayagraj News
The Allahabad High Court ruled unexplained assets are not automatically proceeds of crime. PRAYAGRAJ: The Allahabad high court has ruled that assets from unexplained or unknown sources of income cannot be presumed to be “proceeds of crime” arising from a scheduled offence under the Prevention of Money Laundering Act (PMLA), 2002.Granting bail to an accused…