https://www.taxtmi.com/caselaws?id=440851 Under the Prevention of Money Laundering Act, 2002, proceeds of crime include property derived directly or indirectly from a scheduled offence, and money laundering covers not only direct involvement but also knowing assistance, possession, acquisition, use, or projection of such proceeds as untainted property. Where the record shows a prima facie monetary trail from the scheduled offence into property connected with the accused, and the accused is linked to the laundering chain, the statutory presumption may apply at the threshold. A bare denial of knowledge or challenge to the source of funds is a matter for trial, not discharge. en-us Thu, 20 Jul 2023 00:00:00 +0530 Thu, 23 Nov 2023 14:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440851 Under the Prevention of Money Laundering Act, 2002, proceeds of crime include property derived directly or indirectly from a scheduled offence, and money laundering covers not only direct involvement but also knowing assistance, possession, acquisition, use, or projection of such proceeds as untainted property. Where the record shows a prima facie monetary trail from the scheduled offence into property connected with the accused, and the accused is linked to the laundering chain, the statutory presumption may apply at the threshold. A bare denial of knowledge or challenge to the source of funds is a matter for trial, not discharge. Case-Laws Money Laundering Thu, 20 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440851