https://www.taxtmi.com/caselaws?id=445726 Section 3 of the Prevention of Money Laundering Act creates an independent offence covering concealment, possession, acquisition, use, projecting, or claiming proceeds of crime as untainted, so prosecution need not await completion of trial in the scheduled offence. The Court found the registered predicate offence and the materials, including the petitioner's statements and transfers to accounts linked to the petitioner, sufficient to disclose prima facie involvement. Claims of coercion in recording statements and the defence version involved disputed facts for trial, and no recognised ground for quashing was made out. The request to quash was rejected and the prosecution was allowed to continue. en-us Thu, 02 Nov 2023 00:00:00 +0530 Sat, 18 Nov 2023 08:38:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445726 Section 3 of the Prevention of Money Laundering Act creates an independent offence covering concealment, possession, acquisition, use, projecting, or claiming proceeds of crime as untainted, so prosecution need not await completion of trial in the scheduled offence. The Court found the registered predicate offence and the materials, including the petitioner's statements and transfers to accounts linked to the petitioner, sufficient to disclose prima facie involvement. Claims of coercion in recording statements and the defence version involved disputed facts for trial, and no recognised ground for quashing was made out. The request to quash was rejected and the prosecution was allowed to continue. Case-Laws Money Laundering Thu, 02 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445726