https://www.taxtmi.com/caselaws?id=762582 HC dismissed petition challenging complaint under Section 45 read with Sections 3 and 4 of Prevention of Money Laundering Act, 2002 concerning customs duty evasion on carbide inserts imported through 9 bills of entry during 2009-2011. Court held money laundering is a stand-alone offence distinct from customs violations. Petitioners argued lack of involvement in company's day-to-day operations, but court ruled complaint concerned possession and use of crime proceeds, not directorial capacity offences. Following Vijay Madanlal Choudhary precedent, court confirmed ED investigation into money laundering can proceed independently of predicate offence prosecution. Petition found devoid of merit; accused must face trial. en-us Fri, 22 Nov 2024 00:00:00 +0530 Tue, 03 Dec 2024 11:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762582 HC dismissed petition challenging complaint under Section 45 read with Sections 3 and 4 of Prevention of Money Laundering Act, 2002 concerning customs duty evasion on carbide inserts imported through 9 bills of entry during 2009-2011. Court held money laundering is a stand-alone offence distinct from customs violations. Petitioners argued lack of involvement in company's day-to-day operations, but court ruled complaint concerned possession and use of crime proceeds, not directorial capacity offences. Following Vijay Madanlal Choudhary precedent, court confirmed ED investigation into money laundering can proceed independently of predicate offence prosecution. Petition found devoid of merit; accused must face trial. Case-Laws Money Laundering Fri, 22 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762582