https://www.taxtmi.com/caselaws?id=402977 The High Court allowed the Criminal Revision Petition, setting aside the Trial Court's order discharging accused Nos. 2 and 3 under the Prevention of Money-Laundering Act. The Court emphasized that prosecution under the PML Act can be sustained independently of a conviction in the predicate offence, as long as the accused possesses proceeds of crime. The Court clarified the application of Section 227 of the Cr.P.C., directing the Trial Court to proceed with the trial, stating that the discharge of the accused was not justified based on outdated precedents, and there were sufficient grounds for proceeding against the accused. en-us Thu, 17 Dec 2020 00:00:00 +0530 Sat, 16 Jan 2021 22:07:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402977 The High Court allowed the Criminal Revision Petition, setting aside the Trial Court's order discharging accused Nos. 2 and 3 under the Prevention of Money-Laundering Act. The Court emphasized that prosecution under the PML Act can be sustained independently of a conviction in the predicate offence, as long as the accused possesses proceeds of crime. The Court clarified the application of Section 227 of the Cr.P.C., directing the Trial Court to proceed with the trial, stating that the discharge of the accused was not justified based on outdated precedents, and there were sufficient grounds for proceeding against the accused. Case-Laws Money Laundering Thu, 17 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402977