https://www.taxtmi.com/caselaws?id=188307 The court upheld the prosecution under the Prevention of Money Laundering Act, 2002, rejecting the challenge based on the timing of the offenses and emphasizing the focus on money laundering activities rather than the acquisition of illicit funds. It clarified that the relevant date for determining "proceeds of crime" is when the money is processed to appear legitimate, not when it was unlawfully obtained. The court also ruled that the prosecution did not violate the petitioner's fundamental rights under Article 20(1) of the Constitution of India, as the Act targets the laundering of money from criminal activities, regardless of when the underlying offenses occurred. en-us Fri, 06 Aug 2010 00:00:00 +0530 Fri, 11 Aug 2023 09:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188307 The court upheld the prosecution under the Prevention of Money Laundering Act, 2002, rejecting the challenge based on the timing of the offenses and emphasizing the focus on money laundering activities rather than the acquisition of illicit funds. It clarified that the relevant date for determining "proceeds of crime" is when the money is processed to appear legitimate, not when it was unlawfully obtained. The court also ruled that the prosecution did not violate the petitioner's fundamental rights under Article 20(1) of the Constitution of India, as the Act targets the laundering of money from criminal activities, regardless of when the underlying offenses occurred. Case-Laws Money Laundering Fri, 06 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188307