SC’s Vijay Madanlal Judgment Doesn’t Exempt Foreign Recipients Of Proceeds Of Crime From Scrutiny On Mere Contractual Legitimacy Of Transaction: Delhi HC
The Delhi Excessive Court docket has made it clear that overseas recipients of proceeds of crime are usually not exempted from scrutiny beneath the Prevention of Cash Laundering Act, 2002, on a mere floor of ‘contractual legitimacy’ of transactions. Justice Ravinder Dudeja thus rejected the plea of 1 Amrit Pal Singh, a resident of Hong…