J. SEKAR @ SEKAR REDDY vs DIRECTORATE OF ENFORCEMENT

The Supreme Court upheld the High Court's dismissal of the appellant's petition to quash proceedings under the Prevention of Money Laundering Act (PMLA). The court reasoned that while the commission of a scheduled offence is a prerequisite for initiating proceedings, the offence of money laundering is independent and can be prosecuted based on the proceeds of crime. The appellant's arguments regarding the closure of the FIR for lack of evidence were rejected, affirming the validity of the ongoing proceedings.