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HC dismissed the application challenging cognizance and summoning order. Despite not being directly implicated in the scheduled offence, the applicant was found potentially involved in money laundering through concealment and layering of proceeds of crime. The court held that the applicant must face prosecution for money laundering as a standalone offence, independent of the original scheduled offence. The ruling emphasizes the need for further investigation into the applicant's role in financial irregularities, while explicitly noting that the order does not prejudge the merits of the underlying allegations.