https://www.taxtmi.com/caselaws?id=298957 The Madras High Court quashed the proceedings in a money laundering case involving Kumar Ganesa Perumal. Despite not being an accused in the primary offense, the Enforcement Directorate alleged his involvement in money laundering activities. The court emphasized the necessity of direct or indirect involvement in such offenses under Section 3 of the Prevention of Money Laundering Act, 2002. After analyzing the transactions and legal provisions, the court allowed the petition, directing Perumal to deposit remaining funds from the transactions and absolving him from further prosecution, stressing the importance of establishing a clear connection to prevent arbitrary criminalization. en-us Mon, 18 Jan 2021 00:00:00 +0530 Sun, 28 Nov 2021 20:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298957 The Madras High Court quashed the proceedings in a money laundering case involving Kumar Ganesa Perumal. Despite not being an accused in the primary offense, the Enforcement Directorate alleged his involvement in money laundering activities. The court emphasized the necessity of direct or indirect involvement in such offenses under Section 3 of the Prevention of Money Laundering Act, 2002. After analyzing the transactions and legal provisions, the court allowed the petition, directing Perumal to deposit remaining funds from the transactions and absolving him from further prosecution, stressing the importance of establishing a clear connection to prevent arbitrary criminalization. Case-Laws Money Laundering Mon, 18 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298957