https://www.taxtmi.com/caselaws?id=758002 A person need not be named in the scheduled offence to face prosecution under the Prevention of Money Laundering Act if the complaint and materials show direct or indirect involvement in handling proceeds of crime. Mere status as a shareholder does not justify discharge where the allegations indicate knowledge, assistance, routing of funds, or participation in placement, layering, or integration through connected entities. On the pleaded material, the court found a prima facie case sufficient to continue the trial and rejected the discharge request. en-us Wed, 28 Aug 2024 00:00:00 +0530 Fri, 06 Sep 2024 08:19:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758002 A person need not be named in the scheduled offence to face prosecution under the Prevention of Money Laundering Act if the complaint and materials show direct or indirect involvement in handling proceeds of crime. Mere status as a shareholder does not justify discharge where the allegations indicate knowledge, assistance, routing of funds, or participation in placement, layering, or integration through connected entities. On the pleaded material, the court found a prima facie case sufficient to continue the trial and rejected the discharge request. Case-Laws Money Laundering Wed, 28 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758002