https://www.taxtmi.com/caselaws?id=414466 PMLA proceedings were found maintainable despite the underlying dispute arising from mining operations, because the complaint disclosed scheduled offences and prima facie proceeds of crime. The Court rejected the plea that the Mines and Minerals Act excluded action under the PMLA, holding that the alleged export and sale of iron ore contrary to the captive-use undertaking indicated separate criminality. It also upheld the summoning order, noting that cognizance required only prima facie satisfaction and that the magistrate had considered the investigation material. No jurisdictional error or clear non-application of mind was shown, so the quashing petition failed and the criminal proceeding was allowed to continue. en-us Wed, 03 Nov 2021 00:00:00 +0530 Tue, 09 Nov 2021 08:31:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414466 PMLA proceedings were found maintainable despite the underlying dispute arising from mining operations, because the complaint disclosed scheduled offences and prima facie proceeds of crime. The Court rejected the plea that the Mines and Minerals Act excluded action under the PMLA, holding that the alleged export and sale of iron ore contrary to the captive-use undertaking indicated separate criminality. It also upheld the summoning order, noting that cognizance required only prima facie satisfaction and that the magistrate had considered the investigation material. No jurisdictional error or clear non-application of mind was shown, so the quashing petition failed and the criminal proceeding was allowed to continue. Case-Laws Money Laundering Wed, 03 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414466