India, Nov. 25 -- The Delhi High Court has ruled that profits from cricket betting will be treated as "proceeds of crime" under the Prevention of Money Laundering Act (PMLA), if they are earned by using any property that was acquired illegally.

A bench of justices Anil clarified that even though conducting betting is not a scheduled offence under the PMLA, the profits generated from it would still constitute proceeds of crime if the money can be traced back to tainted property.

To be sure, scheduled offence refers to specific criminal offences listed in the Act's Schedule, and the proceeds derived from only these listed offences trigger prosecution for money laundering under the PMLA.

"Even if a downstream activity, such as conducting ...