https://www.taxtmi.com/caselaws?id=437295 Offences under the Prevention of Money Laundering Act, 2002 were treated as cognizable and non-bailable, and the authorised officer was competent to file the prosecution complaint. The objection that the complaint lacked authority was rejected. Section 3 was read to cover direct or indirect involvement in concealment, possession, acquisition, use, or projection of proceeds of crime as untainted property; prior knowledge was not the sole requirement where prima facie laundering activity was alleged. The complaint disclosed sufficient material to resist quashing, and the inherent jurisdiction was not to be used except in exceptional cases. en-us Fri, 21 Apr 2023 00:00:00 +0530 Wed, 03 May 2023 08:58:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437295 Offences under the Prevention of Money Laundering Act, 2002 were treated as cognizable and non-bailable, and the authorised officer was competent to file the prosecution complaint. The objection that the complaint lacked authority was rejected. Section 3 was read to cover direct or indirect involvement in concealment, possession, acquisition, use, or projection of proceeds of crime as untainted property; prior knowledge was not the sole requirement where prima facie laundering activity was alleged. The complaint disclosed sufficient material to resist quashing, and the inherent jurisdiction was not to be used except in exceptional cases. Case-Laws Money Laundering Fri, 21 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437295