https://www.taxtmi.com/caselaws?id=430797 At the charge stage under the Prevention of Money Laundering Act, 2002, a prima facie showing that the accused knowingly generated, possessed, used or projected property derived from a scheduled offence is sufficient to proceed. The material here linked predicate IPC offences to alleged bogus billing, routing of funds through controlled companies, receipt of cash against entry transactions, and use of the funds in the alleged riots. Section 50 statements were treated as admissible at this stage and, taken at face value, supported grave suspicion. The absence of a separate attachment order did not prevent prosecution, and charge under Sections 3 and 4 was found to be made out. en-us Thu, 03 Nov 2022 00:00:00 +0530 Mon, 28 Nov 2022 15:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430797 At the charge stage under the Prevention of Money Laundering Act, 2002, a prima facie showing that the accused knowingly generated, possessed, used or projected property derived from a scheduled offence is sufficient to proceed. The material here linked predicate IPC offences to alleged bogus billing, routing of funds through controlled companies, receipt of cash against entry transactions, and use of the funds in the alleged riots. Section 50 statements were treated as admissible at this stage and, taken at face value, supported grave suspicion. The absence of a separate attachment order did not prevent prosecution, and charge under Sections 3 and 4 was found to be made out. Case-Laws Money Laundering Thu, 03 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430797