Collecting Funds In Illegal Way To Commit Scheduled Offence In Future Is Not 'Money Laundering' Under PMLA: Delhi High Court

The Delhi High Court has ruled that collecting funds with the intent to commit a crime does not amount to money laundering under the Prevention of Money Laundering Act (PMLA). The case involved the Enforcement Directorate's attempt to classify fund collection as money laundering, but the court disagreed, stating that the act must involve the actual commission of a crime. This decision clarifies the scope of what constitutes money laundering under the PMLA, emphasizing that simply collecting funds with criminal intent is not enough to trigger a money laundering charge.