https://www.taxtmi.com/caselaws?id=759461 The Prevention of Money Laundering Act, 2002 was discussed on three points: the availability of an inherent-jurisdiction challenge under Section 482 CrPC despite a statutory appeal against provisional attachment, the scope of "proceeds of crime" under Section 2(1)(u), and corporate prosecution under Section 70. The text states that the statutory appeal weighed against interference at the Section 482 stage, that "proceeds of crime" extends broadly to equivalent value and is not defeated merely because property was acquired before the scheduled offence, and that a company can be prosecuted under the Act notwithstanding objections based on absence of vicarious liability. en-us Tue, 01 Oct 2024 00:00:00 +0530 Thu, 03 Oct 2024 07:50:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759461 The Prevention of Money Laundering Act, 2002 was discussed on three points: the availability of an inherent-jurisdiction challenge under Section 482 CrPC despite a statutory appeal against provisional attachment, the scope of "proceeds of crime" under Section 2(1)(u), and corporate prosecution under Section 70. The text states that the statutory appeal weighed against interference at the Section 482 stage, that "proceeds of crime" extends broadly to equivalent value and is not defeated merely because property was acquired before the scheduled offence, and that a company can be prosecuted under the Act notwithstanding objections based on absence of vicarious liability. Case-Laws Money Laundering Tue, 01 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759461