https://www.taxtmi.com/caselaws?id=758222 Madras HC dismissed writ petition seeking quashment of FIR and restraining authorities from invoking PMLA provisions. Court held that quashing FIR for predicate offence does not eliminate money laundering charges, and competent authorities retain statutory powers to investigate under PMLA. Mere repayment of money to victims through affidavits does not absolve money laundering offences. Granting injunction against PMLA authorities would defeat the Act's objectives of preventing money laundering and enabling property confiscation. Statutory powers under PMLA cannot be curtailed through writ mandamus. en-us Mon, 02 Sep 2024 00:00:00 +0530 Tue, 10 Sep 2024 08:11:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758222 Madras HC dismissed writ petition seeking quashment of FIR and restraining authorities from invoking PMLA provisions. Court held that quashing FIR for predicate offence does not eliminate money laundering charges, and competent authorities retain statutory powers to investigate under PMLA. Mere repayment of money to victims through affidavits does not absolve money laundering offences. Granting injunction against PMLA authorities would defeat the Act's objectives of preventing money laundering and enabling property confiscation. Statutory powers under PMLA cannot be curtailed through writ mandamus. Case-Laws Money Laundering Mon, 02 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758222