https://www.taxtmi.com/caselaws?id=445171 A prosecution complaint under the Prevention of Money Laundering Act could not be quashed at the Section 482 CrPC stage where investigation material linked the applicant to acquisition and transfer of immovable property allegedly derived from predicate fraud. Section 3 was treated as covering direct or indirect involvement, concealment, possession, acquisition, or use of proceeds of crime, and the presumptions under Sections 22 and 24 were noted as operating unless rebutted. On the material then available, the applicant could not be exonerated in quashing proceedings, and the prosecution was held maintainable. en-us Thu, 26 Oct 2023 00:00:00 +0530 Thu, 02 Nov 2023 08:29:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445171 A prosecution complaint under the Prevention of Money Laundering Act could not be quashed at the Section 482 CrPC stage where investigation material linked the applicant to acquisition and transfer of immovable property allegedly derived from predicate fraud. Section 3 was treated as covering direct or indirect involvement, concealment, possession, acquisition, or use of proceeds of crime, and the presumptions under Sections 22 and 24 were noted as operating unless rebutted. On the material then available, the applicant could not be exonerated in quashing proceedings, and the prosecution was held maintainable. Case-Laws Money Laundering Thu, 26 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445171