Sc Directs Special Court Pmla Not To Pass Judgment Until Framing Of Charges In Cbi Offence.

SC directs Special Court PMLA not to pass judgment until framing of charges in CBI offence.

The Supreme Court has directed a Special Court under the Prevention of Money Laundering Act (PMLA) not to pass the judgment until charges are framed in a related Central Bureau of Investigation (CBI) case.

The Supreme Court has directed a Special Court under the Prevention of Money Laundering Act (PMLA) not to pass the judgement until charges are framed in a related Central Bureau of Investigation (CBI) case.

The Bench of Justice Bela M Trivedi and Justice Satish Chandra Sharma on Tuesday directed the Trial Court conducting the PMLA Trial that while it may proceed with the trial in accordance with the law, but it shall not pass the final judgement until the framing of charges in the predicate offence registered by the CBI.

The petitioner was the director of a Hong Kong-based company. CBI Chennai had registered an FIR in 2017 under various provisions of the Indian Penal Code and Prevention of Corruption Act against 19 Indian entities and unknown public officials alleging that multiple accounts had been opened fraudulently in Punjab National Bank, Chennai, and 100 per cent advance for imports (foreign exchange) to the tune of Rs 450 Crores had been remitted to entities in Hong Kong and Dubai but no corresponding goods were exported to India by these foreign entities.