https://www.taxtmi.com/caselaws?id=422317 At the discharge and charge-framing stage under the Prevention of Money Laundering Act, the court examines only whether the prosecution material, taken at face value, discloses a prima facie case or grave suspicion; it does not weigh defence material or conduct a mini-trial. The prosecution allegations of laundering through properties held in relatives' names, a trust used for fake deposits, and front companies for sham share transactions and cash movements were found sufficient to justify trial. The petitioner's explanations on income, trust assets, and third-party ownership could not be used to secure discharge. The refusal to discharge and the order framing charge were therefore upheld. en-us Mon, 02 May 2022 00:00:00 +0530 Thu, 12 May 2022 20:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422317 At the discharge and charge-framing stage under the Prevention of Money Laundering Act, the court examines only whether the prosecution material, taken at face value, discloses a prima facie case or grave suspicion; it does not weigh defence material or conduct a mini-trial. The prosecution allegations of laundering through properties held in relatives' names, a trust used for fake deposits, and front companies for sham share transactions and cash movements were found sufficient to justify trial. The petitioner's explanations on income, trust assets, and third-party ownership could not be used to secure discharge. The refusal to discharge and the order framing charge were therefore upheld. Case-Laws Money Laundering Mon, 02 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422317