https://www.taxtmi.com/caselaws?id=765721 HC held petitioner's arrest under PMLA Section 19 illegal and violative of constitutional safeguards. Court ruled that "reason to believe" requires tangible evidence, not mere suspicion, and arrest cannot be made solely for investigation purposes. ED failed to produce material evidence linking petitioner to illegal sand mining proceeds of crime. Despite petitioner's admitted financial transactions with the company involved, no evidence showed direct involvement in money laundering activities or concealment of proceeds. The arrest violated Section 19(1) PMLA requirements as statement lacked satisfactory material proving guilt under Section 3 PMLA. Petition allowed. en-us Wed, 05 Feb 2025 00:00:00 +0530 Sat, 08 Feb 2025 09:12:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765721 HC held petitioner's arrest under PMLA Section 19 illegal and violative of constitutional safeguards. Court ruled that "reason to believe" requires tangible evidence, not mere suspicion, and arrest cannot be made solely for investigation purposes. ED failed to produce material evidence linking petitioner to illegal sand mining proceeds of crime. Despite petitioner's admitted financial transactions with the company involved, no evidence showed direct involvement in money laundering activities or concealment of proceeds. The arrest violated Section 19(1) PMLA requirements as statement lacked satisfactory material proving guilt under Section 3 PMLA. Petition allowed. Case-Laws Money Laundering Wed, 05 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765721