https://www.taxtmi.com/caselaws?id=435358 The court upheld the confiscation order and dismissal of the property release application under Sections 8(7) and 8(8) of PMLA, despite the death of the main accused. It confirmed the prosecution's case for money laundering under Sections 3 and 4 of PMLA, emphasizing the reverse burden of proof. The court clarified that confiscation is permissible post-accused's death and that pending appeals do not affect confiscation orders. The legal presumption of proceeds of crime involvement in money laundering was affirmed, with the court citing the case of Vijay Madanlal Choudhary Vs. Union of India. en-us Mon, 27 Feb 2023 00:00:00 +0530 Fri, 17 Mar 2023 18:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435358 The court upheld the confiscation order and dismissal of the property release application under Sections 8(7) and 8(8) of PMLA, despite the death of the main accused. It confirmed the prosecution's case for money laundering under Sections 3 and 4 of PMLA, emphasizing the reverse burden of proof. The court clarified that confiscation is permissible post-accused's death and that pending appeals do not affect confiscation orders. The legal presumption of proceeds of crime involvement in money laundering was affirmed, with the court citing the case of Vijay Madanlal Choudhary Vs. Union of India. Case-Laws Money Laundering Mon, 27 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435358