After noting that the accused had been discharged in the predicate offenses against them, the PMLA court observed it no more had jurisdiction to extend judicial custody as per the recent Supreme Court judgment.
In a first after the Supreme Court judgment upholding the validity of provisions of the Prevention of Money Laundering Act (PMLA), a Mumbai Court on Monday ordered the immediate release of two accused in a money laundering accuse as it noted that the investigation into the predicate offense against them had been closed.
