Retrospective application of beneficial circulars upheld, binding officers and granting post adjudication relief where adjudication occurred after cir...
Admissibility of Investigation Statements requires witness examination before the adjudicating authority; otherwise statements cannot sustain a penalt...
Construction of "proceeds of crime" and the offence under the PMLA was examined against allegations of large-scale illegal quarrying and related lease transactions; the court applied statutory definitions and precedents to hold that the complaint furnishes prima facie particulars linking the impugned property and lease dealings to laundering and thus discloses offences under the money laundering statute. Acquisition of property before the predicate offences was held not determinative where the complaint pleads subsequent use, transfer or lease for concealment and laundering. The extraordinary jurisdiction to quash was declined and the petition was dismissed; issues reserved for trial.
Construction of "proceeds of crime" and the offence under the PMLA was examined against allegations of large-scale illegal quarrying and related lease transactions; the court applied statutory definitions and precedents to hold that the complaint furnishes prima facie particulars linking the impugned property and lease dealings to laundering and thus discloses offences under the money laundering statute. Acquisition of property before the predicate offences was held not determinative where the complaint pleads subsequent use, transfer or lease for concealment and laundering. The extraordinary jurisdiction to quash was declined and the petition was dismissed; issues reserved for trial.
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