Offence Committed In Foreign Country Can Be Treated As Predicate Offence Under PMLA When Proceeds Of Crime Travels To India: Delhi HC

The Delhi High Court ruled that an offence committed outside India can be treated as a predicate offence under the Prevention of Money Laundering Act (PMLA) if the proceeds of the crime enter India. This decision is significant as it expands the jurisdictional reach of Indian money laundering laws to cover international crimes that have financial implications within India. The ruling reflects an understanding of global financial crime dynamics and ensures that illicit financial activities, regardless of their origin, can be addressed under Indian law when they affect the country’s financial system.