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Money laundering case: Mumbai court allows discharge pleas of 2 businessmen for want of scheduled offence

The order comes following guidelines laid down by the Supreme Court last month, specifying that a case under the Prevention of Money Laundering Act (PMLA) cannot continue if there is no scheduled offence and hence, the special court has no jurisdiction to extend the judicial custody of the persons arrested under the Act

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A special PMLA court in Mumbai on Wednesday allowed the discharge pleas of two businessmen in a money laundering case in the absence of 'predicate' (scheduled) offence which led to the case against them.

The order comes following guidelines laid down by the Supreme Court last month, specifying that a case under the Prevention of Money Laundering Act (PMLA) cannot continue if there is no scheduled offence and hence, the special court has no jurisdiction to extend the judicial custody of the persons arrested under the Act.

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