https://www.taxtmi.com/caselaws?id=419193 Criminal liability under the Prevention of Money Laundering Act arises only where a person is knowingly or actually involved in a process or activity connected with proceeds of crime and also projects or claims the property as untainted. Mere purchase or possession of property linked to a scheduled offence is insufficient. On the facts, the purchaser bought the property through banking channels and there was no material showing knowing participation in laundering or any projection of the property as clean. The prosecution under sections 3 and 4 was therefore not sustainable and amounted to abuse of process. en-us Fri, 18 Feb 2022 00:00:00 +0530 Sat, 05 Mar 2022 07:58:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419193 Criminal liability under the Prevention of Money Laundering Act arises only where a person is knowingly or actually involved in a process or activity connected with proceeds of crime and also projects or claims the property as untainted. Mere purchase or possession of property linked to a scheduled offence is insufficient. On the facts, the purchaser bought the property through banking channels and there was no material showing knowing participation in laundering or any projection of the property as clean. The prosecution under sections 3 and 4 was therefore not sustainable and amounted to abuse of process. Case-Laws Money Laundering Fri, 18 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419193