https://www.taxtmi.com/caselaws?id=284029 The court dismissed both writ petitions seeking to quash the Enforcement Case Information Report (ECIR) and prosecution complaint, finding sufficient evidence of money laundering against the petitioners. The court imposed a cost of Rs. 50,000 on the petitioners for filing frivolous petitions and concluded that the proceedings under the Prevention of Money Laundering Act (PMLA) were legal without magistrate's sanction. Simultaneous proceedings before the Appellate Tribunal and Special Court were deemed justifiable, and the petitioners' claim of unawareness regarding the proceeds of crime was rejected. en-us Thu, 21 Feb 2019 00:00:00 +0530 Thu, 24 Oct 2019 07:40:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284029 The court dismissed both writ petitions seeking to quash the Enforcement Case Information Report (ECIR) and prosecution complaint, finding sufficient evidence of money laundering against the petitioners. The court imposed a cost of Rs. 50,000 on the petitioners for filing frivolous petitions and concluded that the proceedings under the Prevention of Money Laundering Act (PMLA) were legal without magistrate's sanction. Simultaneous proceedings before the Appellate Tribunal and Special Court were deemed justifiable, and the petitioners' claim of unawareness regarding the proceeds of crime was rejected. Case-Laws Money Laundering Thu, 21 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284029