Pradeep Nirankarnath Sharma vs Directorate Of Enforcement 2025 INSC 349 - PMLA - Threshold Value
PMLA Act - Money laundering is not a static event but an ongoing activity, as long as illicit gains are possessed, projected as legitimate, or reintroduced into the economy. Thus, the argument that the offence is not continuing does not hold good. (Para 25) The determination of the amount involved in a money laundering offence is not to be viewed in isolation but in the context of the overall financial trail and associated transactions. The totality of the evidence must be assessed, which is a matter of trial. (Para 30) the determination of the threshold value must be based on the entirety of the transaction and not an isolated instance or a narrow interpretation of specific amounts at any given time. (Para 27)
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