https://www.taxtmi.com/caselaws?id=468946 Liability under the Prevention of Money-laundering Act, 2002 depends on knowingly assisting, being involved in, or otherwise dealing with proceeds of crime and projecting them as untainted property. A police report against the persons who committed the scheduled offence was treated as sufficient to establish the foundational existence of proceeds of crime, and persons other than the principal offender may still fall within the scope of money-laundering if inquiry material prima facie shows their involvement. The inquiry under the Act was treated as distinct from ordinary criminal prosecution, so the complaint and cognizance order were not quashed on the ground that no report under the criminal procedure law had been filed against the petitioners. en-us Fri, 29 May 2015 00:00:00 +0530 Tue, 26 May 2026 16:49:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468946 Liability under the Prevention of Money-laundering Act, 2002 depends on knowingly assisting, being involved in, or otherwise dealing with proceeds of crime and projecting them as untainted property. A police report against the persons who committed the scheduled offence was treated as sufficient to establish the foundational existence of proceeds of crime, and persons other than the principal offender may still fall within the scope of money-laundering if inquiry material prima facie shows their involvement. The inquiry under the Act was treated as distinct from ordinary criminal prosecution, so the complaint and cognizance order were not quashed on the ground that no report under the criminal procedure law had been filed against the petitioners. Case-Laws Money Laundering Fri, 29 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468946