https://www.taxtmi.com/caselaws?id=310943 Exoneration in disciplinary proceedings under the Chartered Accountants Act does not automatically entitle a person to discharge in a criminal prosecution where the allegations rest on independent materials of conspiracy, fabrication of financial statements, and fraudulent procurement of credit facilities. The disciplinary proceeding and the criminal case operate in distinct fields, apply different standards of proof, and a departmental finding does not erase prosecution evidence. On the PMLA aspect, interference was declined and, having regard to the overlapping factual and legal issues and Section 44 of the Prevention of Money Laundering Act, the related matter was to be tried by the same court along with the scheduled offence case. en-us Wed, 02 Aug 2017 00:00:00 +0530 Tue, 28 Nov 2023 06:09:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310943 Exoneration in disciplinary proceedings under the Chartered Accountants Act does not automatically entitle a person to discharge in a criminal prosecution where the allegations rest on independent materials of conspiracy, fabrication of financial statements, and fraudulent procurement of credit facilities. The disciplinary proceeding and the criminal case operate in distinct fields, apply different standards of proof, and a departmental finding does not erase prosecution evidence. On the PMLA aspect, interference was declined and, having regard to the overlapping factual and legal issues and Section 44 of the Prevention of Money Laundering Act, the related matter was to be tried by the same court along with the scheduled offence case. Case-Laws Money Laundering Wed, 02 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310943