https://www.taxtmi.com/caselaws?id=306378 The court held that the petitioner, a Senior Branch Manager, cannot be prosecuted under the Prevention of Money Laundering Act (PML Act) for the same acts he is already facing charges for under the Indian Penal Code and the Prevention of Corruption Act. The court emphasized that for money laundering to be established, the proceeds of crime must be projected as untainted property. The amendments made to the PML Act by Act 23 of 2019 were held not to create new offenses or widen the scope of penal provisions. As a result, the prosecutions under the PML Act were deemed an abuse of process of law, and the charges against the petitioner were quashed. en-us Thu, 20 Jan 2022 00:00:00 +0530 Tue, 24 Jan 2023 19:59:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306378 The court held that the petitioner, a Senior Branch Manager, cannot be prosecuted under the Prevention of Money Laundering Act (PML Act) for the same acts he is already facing charges for under the Indian Penal Code and the Prevention of Corruption Act. The court emphasized that for money laundering to be established, the proceeds of crime must be projected as untainted property. The amendments made to the PML Act by Act 23 of 2019 were held not to create new offenses or widen the scope of penal provisions. As a result, the prosecutions under the PML Act were deemed an abuse of process of law, and the charges against the petitioner were quashed. Case-Laws Money Laundering Thu, 20 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306378