https://www.taxtmi.com/caselaws?id=422784 Money-laundering prosecution under the PMLA failed where the record showed no material that the petitioners were involved in the scheduled offence, dealt with proceeds of crime, or projected any such property as untainted. The petitioners were only cited as witnesses in the CBI investigation, and the charge-sheet did not assign them any cognizable role in the predicate offence. Allegations about land purchase through companies and later sale of shareholding were unsupported by evidence of conspiracy, licence applications, or knowing participation in any process connected with proceeds of crime. The complaint, summoning order, and consequential proceedings were therefore liable to be quashed qua the petitioners. en-us Thu, 19 May 2022 00:00:00 +0530 Mon, 23 May 2022 08:13:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422784 Money-laundering prosecution under the PMLA failed where the record showed no material that the petitioners were involved in the scheduled offence, dealt with proceeds of crime, or projected any such property as untainted. The petitioners were only cited as witnesses in the CBI investigation, and the charge-sheet did not assign them any cognizable role in the predicate offence. Allegations about land purchase through companies and later sale of shareholding were unsupported by evidence of conspiracy, licence applications, or knowing participation in any process connected with proceeds of crime. The complaint, summoning order, and consequential proceedings were therefore liable to be quashed qua the petitioners. Case-Laws Money Laundering Thu, 19 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422784