https://www.taxtmi.com/caselaws?id=436418 The court dismissed the petition challenging the initiation of proceedings under the Prevention of Money Laundering Act. It held that the total value involved in the case, considering all individuals, exceeded the minimum threshold amount required by the Act. The court emphasized that further investigation was necessary as the full extent of money laundering allegations involving multiple accused was yet to be revealed. Therefore, it concluded that the petitioner's argument regarding the scheduled offence's value being insufficient was premature, and any decision on the threshold limit would await trial proceedings and additional investigation. en-us Thu, 02 Mar 2023 00:00:00 +0530 Thu, 13 Apr 2023 07:58:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436418 The court dismissed the petition challenging the initiation of proceedings under the Prevention of Money Laundering Act. It held that the total value involved in the case, considering all individuals, exceeded the minimum threshold amount required by the Act. The court emphasized that further investigation was necessary as the full extent of money laundering allegations involving multiple accused was yet to be revealed. Therefore, it concluded that the petitioner's argument regarding the scheduled offence's value being insufficient was premature, and any decision on the threshold limit would await trial proceedings and additional investigation. Case-Laws Money Laundering Thu, 02 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436418