https://www.taxtmi.com/caselaws?id=430807 Money-laundering is an independent offence under the Prevention of Money Laundering Act, 2002, and a prima facie case can be made out where material shows a nexus between proceeds of crime and concealment, possession, acquisition, use, layering, projection or claiming of such property as untainted. On the facts, bank records, seized documents, electronic chats and Section 50 statements were sufficient at the charge stage to support a prima facie case linked to bogus entities and fake invoices. Pendency of further investigation did not bar framing of charges, because the complaint already disclosed sufficient material and the statute permits later complaint and additional evidence. en-us Thu, 24 Nov 2022 00:00:00 +0530 Mon, 28 Nov 2022 12:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430807 Money-laundering is an independent offence under the Prevention of Money Laundering Act, 2002, and a prima facie case can be made out where material shows a nexus between proceeds of crime and concealment, possession, acquisition, use, layering, projection or claiming of such property as untainted. On the facts, bank records, seized documents, electronic chats and Section 50 statements were sufficient at the charge stage to support a prima facie case linked to bogus entities and fake invoices. Pendency of further investigation did not bar framing of charges, because the complaint already disclosed sufficient material and the statute permits later complaint and additional evidence. Case-Laws Money Laundering Thu, 24 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430807