No Scheduled Offence In Complaint Or Chargesheet' : Supreme Court Grants Bail To Two Accused In Money Laundering Case

The Supreme Court granted bail to two accused in a money laundering case, stating that there was no scheduled offense alleged in the chargesheet or complaint. The court highlighted that for an offense under the Prevention of Money Laundering Act (PMLA) to be established, the existence of a scheduled offense is essential. Without such an underlying offense, the money laundering case cannot stand. This decision is significant in upholding procedural correctness in PMLA cases.