https://www.taxtmi.com/caselaws?id=767464 The SC dismissed an appeal challenging PMLA proceedings, rejecting the appellant's contention that alleged acts did not constitute offences under PMLA as it was not in force during the relevant period. The court held that money laundering offences are continuing in nature, extending as long as proceeds of crime are concealed or projected as untainted property. The appellant's involvement in financial transactions linked to proceeds of crime through fraudulent activities causing significant losses to Gujarat State was established prima facie. The court emphasized that serious economic offences require thorough judicial scrutiny at trial rather than preliminary intervention, finding the lower courts' decisions well-reasoned. en-us Mon, 17 Mar 2025 00:00:00 +0530 Wed, 19 Mar 2025 06:45:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767464 The SC dismissed an appeal challenging PMLA proceedings, rejecting the appellant's contention that alleged acts did not constitute offences under PMLA as it was not in force during the relevant period. The court held that money laundering offences are continuing in nature, extending as long as proceeds of crime are concealed or projected as untainted property. The appellant's involvement in financial transactions linked to proceeds of crime through fraudulent activities causing significant losses to Gujarat State was established prima facie. The court emphasized that serious economic offences require thorough judicial scrutiny at trial rather than preliminary intervention, finding the lower courts' decisions well-reasoned. Case-Laws Money Laundering Mon, 17 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767464