https://www.taxtmi.com/caselaws?id=307683 The court dismissed the petition seeking to quash proceedings under the Prevention of Money Laundering Act, 2002. It clarified that individuals not accused in the predicate offense but involved in laundering proceeds can still face prosecution under PMLA. The court emphasized the distinct nature of PMLA offenses and the possibility of different individuals being implicated in money laundering activities. The petitioner's involvement in facilitating the purchase of property with tainted money led to the court's decision to allow the trial to proceed, citing statutory presumptions under PMLA that can only be addressed during trial. en-us Wed, 14 Sep 2022 00:00:00 +0530 Fri, 28 Apr 2023 21:22:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307683 The court dismissed the petition seeking to quash proceedings under the Prevention of Money Laundering Act, 2002. It clarified that individuals not accused in the predicate offense but involved in laundering proceeds can still face prosecution under PMLA. The court emphasized the distinct nature of PMLA offenses and the possibility of different individuals being implicated in money laundering activities. The petitioner's involvement in facilitating the purchase of property with tainted money led to the court's decision to allow the trial to proceed, citing statutory presumptions under PMLA that can only be addressed during trial. Case-Laws Money Laundering Wed, 14 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307683