https://www.taxtmi.com/caselaws?id=765670 Karnataka HC held that search and seizure conducted at petitioner's residence (former MUDA Commissioner) under Section 17 of PMLA, 2002 was illegal and invalid. Court found that proceedings were based on mere suspicion rather than "reason to believe" as required under PMLA. No evidence demonstrated petitioner's role in possessing proceeds of crime related to alleged illegal site allotments. The search lacked proper authority and violated procedural safeguards. HC declared the search, seizure, and recorded statements invalid, quashed summons under Section 50, and granted petitioner liberty to initiate action under Section 62 against concerned officers. Petition allowed. en-us Mon, 27 Jan 2025 00:00:00 +0530 Fri, 07 Feb 2025 08:38:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765670 Karnataka HC held that search and seizure conducted at petitioner's residence (former MUDA Commissioner) under Section 17 of PMLA, 2002 was illegal and invalid. Court found that proceedings were based on mere suspicion rather than "reason to believe" as required under PMLA. No evidence demonstrated petitioner's role in possessing proceeds of crime related to alleged illegal site allotments. The search lacked proper authority and violated procedural safeguards. HC declared the search, seizure, and recorded statements invalid, quashed summons under Section 50, and granted petitioner liberty to initiate action under Section 62 against concerned officers. Petition allowed. Case-Laws Money Laundering Mon, 27 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765670