https://www.taxtmi.com/caselaws?id=753981 The Jharkhand HC dismissed a petition challenging arrest and remand under PMLA. The court held that forceful possession of property can constitute proceeds of crime under section 2(1)(u) PMLA, even without prior completion of scheduled offences. The petitioner's forceful possession of property, coupled with attempts to forge revenue records for legalization, constituted money laundering under section 3 PMLA. The court emphasized that PMLA encompasses attempts to conceal, possess, or project proceeds of crime as untainted property. Citing abundant documentary evidence beyond statements under section 50, the court found prima facie involvement in money laundering, upholding the arrest and remand orders. en-us Fri, 03 May 2024 00:00:00 +0530 Thu, 13 Jun 2024 15:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753981 The Jharkhand HC dismissed a petition challenging arrest and remand under PMLA. The court held that forceful possession of property can constitute proceeds of crime under section 2(1)(u) PMLA, even without prior completion of scheduled offences. The petitioner's forceful possession of property, coupled with attempts to forge revenue records for legalization, constituted money laundering under section 3 PMLA. The court emphasized that PMLA encompasses attempts to conceal, possess, or project proceeds of crime as untainted property. Citing abundant documentary evidence beyond statements under section 50, the court found prima facie involvement in money laundering, upholding the arrest and remand orders. Case-Laws Money Laundering Fri, 03 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753981