https://www.taxtmi.com/caselaws?id=300990 A criminal complaint under the Prevention of Money Laundering Act, 2002 was held not liable to be quashed at the Section 482 stage where the allegations showed scheduled offences against the principal accused and investigation had traced immovable properties in the names of the accused and family members. The Court held that no roving factual enquiry could be undertaken into each FIR to test whether pecuniary gain was derived, because the FIRs only triggered the money-laundering inquiry. It also noted that the definition of money laundering is wide, the explanation to Section 3 reflects that breadth, and Section 24 places the burden on the accused to show absence of proceeds of crime. en-us Thu, 04 Feb 2021 00:00:00 +0530 Mon, 07 Mar 2022 08:40:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300990 A criminal complaint under the Prevention of Money Laundering Act, 2002 was held not liable to be quashed at the Section 482 stage where the allegations showed scheduled offences against the principal accused and investigation had traced immovable properties in the names of the accused and family members. The Court held that no roving factual enquiry could be undertaken into each FIR to test whether pecuniary gain was derived, because the FIRs only triggered the money-laundering inquiry. It also noted that the definition of money laundering is wide, the explanation to Section 3 reflects that breadth, and Section 24 places the burden on the accused to show absence of proceeds of crime. Case-Laws Money Laundering Thu, 04 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300990