https://www.taxtmi.com/caselaws?id=389545 A quashing challenge to a PMLA complaint was rejected because the petitioner's reliance on the earlier quashing of the alleged predicate CBI proceedings was treated as a defence unsuitable for consideration at the quashing stage. The Court held that the complaint contained independent material, including investigation statements said to indicate involvement in arranging funds, managing HUF accounts and facilitating transactions linked to proceeds of crime. Since the factual controversy over participation in money-laundering activity required evidence, the disputed issues were left for trial and the criminal miscellaneous petition was dismissed. en-us Fri, 06 Dec 2019 00:00:00 +0530 Wed, 11 Dec 2019 10:12:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389545 A quashing challenge to a PMLA complaint was rejected because the petitioner's reliance on the earlier quashing of the alleged predicate CBI proceedings was treated as a defence unsuitable for consideration at the quashing stage. The Court held that the complaint contained independent material, including investigation statements said to indicate involvement in arranging funds, managing HUF accounts and facilitating transactions linked to proceeds of crime. Since the factual controversy over participation in money-laundering activity required evidence, the disputed issues were left for trial and the criminal miscellaneous petition was dismissed. Case-Laws Money Laundering Fri, 06 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389545