https://www.taxtmi.com/caselaws?id=428452 The court dismissed the petitions seeking to quash criminal proceedings under the Prevention of Money Laundering Act. Serious allegations of money laundering were upheld, emphasizing the burden on the accused to prove otherwise. The court found no illegality in the orders taking cognizance and issuing summons, highlighting the importance of addressing socio-economic offenses and upholding legal presumptions under the PMLA. Interim orders were vacated, and pending interlocutory applications were disposed of. en-us Thu, 22 Sep 2022 00:00:00 +0530 Sat, 01 Oct 2022 09:28:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428452 The court dismissed the petitions seeking to quash criminal proceedings under the Prevention of Money Laundering Act. Serious allegations of money laundering were upheld, emphasizing the burden on the accused to prove otherwise. The court found no illegality in the orders taking cognizance and issuing summons, highlighting the importance of addressing socio-economic offenses and upholding legal presumptions under the PMLA. Interim orders were vacated, and pending interlocutory applications were disposed of. Case-Laws Money Laundering Thu, 22 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428452