The Division Bench of Hon’ble High Court of Madras in Crl op no 22869& 24151 of 2018 filed by C.S.Meenakshi,C.Natesan and Ashok Bajaj against the prosecution complaint filed by ED have observed that”For attracting penal provision of the PMLA ,there should be materials to show that the accused had committed a criminal activity………….. generated proceeds of crime and quashed the PMLA prosecution complaint in c.c no 12 of 2019 pending before the XIV the Additional Court for CBI cases.
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