https://www.taxtmi.com/caselaws?id=429629 A person who knowingly participates in handing over bribe money with corrupt intent may fall within Section 3 of the Prevention of Money Laundering Act, 2002, because the definition of proceeds of crime covers property derived from a scheduled offence and the provision extends to anyone involved in any process or activity connected with such property. The Court noted that offences under the Prevention of Corruption Act, 1988 are scheduled offences and that the requisite intent to pay a bribe exists before delivery, bringing the payer within the statutory reach of money-laundering liability. The High Court's quashing was held incorrect and the prosecution was restored. en-us Mon, 31 Oct 2022 00:00:00 +0530 Mon, 11 May 2026 14:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429629 A person who knowingly participates in handing over bribe money with corrupt intent may fall within Section 3 of the Prevention of Money Laundering Act, 2002, because the definition of proceeds of crime covers property derived from a scheduled offence and the provision extends to anyone involved in any process or activity connected with such property. The Court noted that offences under the Prevention of Corruption Act, 1988 are scheduled offences and that the requisite intent to pay a bribe exists before delivery, bringing the payer within the statutory reach of money-laundering liability. The High Court's quashing was held incorrect and the prosecution was restored. Case-Laws Money Laundering Mon, 31 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429629