https://www.taxtmi.com/highlights?id=86620 The SC dismissed the appellant's appeal against money laundering charges under PMLA. The Court rejected the appellant's contention that the alleged acts occurred before PMLA's enactment or before the predicate offences were scheduled. The SC affirmed that money laundering constitutes a continuing offense that persists as long as proceeds of crime are concealed, used, or projected as untainted property. The Court found prima facie evidence of the appellant's continued involvement in financial transactions linked to proceeds of crime over an extended period. Given the severe nature of the economic offenses alleged, the Court determined that a full trial was necessary to establish the extent of wrongdoing and ensure accountability. en-us Wed, 19 Mar 2025 06:45:29 +0530 Wed, 19 Mar 2025 06:45:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=86620 The SC dismissed the appellant's appeal against money laundering charges under PMLA. The Court rejected the appellant's contention that the alleged acts occurred before PMLA's enactment or before the predicate offences were scheduled. The SC affirmed that money laundering constitutes a continuing offense that persists as long as proceeds of crime are concealed, used, or projected as untainted property. The Court found prima facie evidence of the appellant's continued involvement in financial transactions linked to proceeds of crime over an extended period. Given the severe nature of the economic offenses alleged, the Court determined that a full trial was necessary to establish the extent of wrongdoing and ensure accountability. Highlights Money Laundering Wed, 19 Mar 2025 06:45:29 +0530 https://www.taxtmi.com/highlights?id=86620