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Unexplained assets alone can’t justify PMLA case, rules Allahabad high court

The Allahabad High Court ruled unexplained assets are not automatically proceeds of crime. A clear link to a scheduled offense is required for PMLA action. The court granted bail to an accused after prolonged incarceration. The prosecution failed to demonstrate identifiable proceeds of crime arising from scheduled offenses. This decision emphasizes the need for established nexus with criminal activity.

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