https://www.taxtmi.com/caselaws?id=437637 The court dismissed the Criminal Revision Petition, upholding the order rejecting the discharge petition related to the Prevention of Money Laundering Act. The court emphasized the standalone nature of the offense of money laundering, the objectives of the PMLA, and the nexus between properties acquired and proceeds of crime. It was held that the presumption under the PMLA can only be rebutted at the trial stage, not at the discharge stage. The petitioner's arguments regarding the source of acquired properties were not accepted, leading to the dismissal of the petition. en-us Fri, 05 May 2023 00:00:00 +0530 Wed, 10 May 2023 18:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437637 The court dismissed the Criminal Revision Petition, upholding the order rejecting the discharge petition related to the Prevention of Money Laundering Act. The court emphasized the standalone nature of the offense of money laundering, the objectives of the PMLA, and the nexus between properties acquired and proceeds of crime. It was held that the presumption under the PMLA can only be rebutted at the trial stage, not at the discharge stage. The petitioner's arguments regarding the source of acquired properties were not accepted, leading to the dismissal of the petition. Case-Laws Money Laundering Fri, 05 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437637