The Delhi High Court has ruled that the Enforcement Directorate (ED) can attach ancestral or legitimately acquired properties of an accused under the PMLA, if the actual proceeds of crime are unavailable, by invoking the 'equivalent value' clause. This significant interpretation expands the agency's powers and creates a legal conflict with rulings from other High Courts, making it a crucial topic for understanding the scope and application of anti-money laundering laws in India.
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- ›Court & Date: Delhi High Court, February 16, 2026
- ›Key Legal Provision: PMLA, 2002 Section 2(1)(u) & Section 5
- ›Target this Legal Point: PMLA Section 2(1)(u) defines 'proceeds of crime' to include 'value of any such property'.
- ›Target this Nodal Body: Enforcement Directorate (ED) is the investigating agency under PMLA.
- ›Target this Case: Delhi HC ruling in 'Arun Suri vs ED' (Feb 2026) on attaching ancestral property.
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