https://www.taxtmi.com/caselaws?id=431152 The court allowed the Criminal Original Petition, quashing the prosecution against the petitioner under Sections 3 and 4 of the Prevention of Money Laundering Act. It directed the trial court to release the attached property and refund the deposit, emphasizing the petitioners' innocence as bona fide purchasers unaware of the property's criminal origins. The decision was based on the lack of evidence linking the petitioners to money laundering activities and the improper attachment of the property by the Enforcement Directorate. en-us Wed, 19 Oct 2022 00:00:00 +0530 Wed, 07 Dec 2022 10:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431152 The court allowed the Criminal Original Petition, quashing the prosecution against the petitioner under Sections 3 and 4 of the Prevention of Money Laundering Act. It directed the trial court to release the attached property and refund the deposit, emphasizing the petitioners' innocence as bona fide purchasers unaware of the property's criminal origins. The decision was based on the lack of evidence linking the petitioners to money laundering activities and the improper attachment of the property by the Enforcement Directorate. Case-Laws Money Laundering Wed, 19 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431152