https://www.taxtmi.com/caselaws?id=768779 The Appellate Tribunal under SAFEMA dismissed the appeal in a money laundering case involving conspiracy between the appellant company and NSE officials. The tribunal held that the appellant's actions constituted cheating under Section 420 IPC, involving dishonest intention causing wrongful loss of Rs. 4.54 crore to NSE and wrongful gain to the company. The conduct also fell within money laundering definition under Section 3 PMLA, as proceeds were projected as legitimate income constituting proceeds of crime. The provisional attachment order was upheld, with the tribunal finding connivance between top NSE officials and the appellant company. en-us Wed, 19 Mar 2025 00:00:00 +0530 Mon, 14 Apr 2025 08:36:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768779 The Appellate Tribunal under SAFEMA dismissed the appeal in a money laundering case involving conspiracy between the appellant company and NSE officials. The tribunal held that the appellant's actions constituted cheating under Section 420 IPC, involving dishonest intention causing wrongful loss of Rs. 4.54 crore to NSE and wrongful gain to the company. The conduct also fell within money laundering definition under Section 3 PMLA, as proceeds were projected as legitimate income constituting proceeds of crime. The provisional attachment order was upheld, with the tribunal finding connivance between top NSE officials and the appellant company. Case-Laws Money Laundering Wed, 19 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768779