2018 (2) TMI 2049

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....CE T.S. SIVAGNANAM AND THE HONOURABLE MR. JUSTICE G. JAYACHANDRAN For the Petitioner : Mr. T.R. Ramesh For the Respondent : M/s. Hema, Standing counsel. COMMON ORDER [T.S.SIVAGNANAM, J.] Heard the learned counsel appearing for the parties and perused the materials placed on record. 2.These writ petitions are squarely covered by the earlier order passed by this Court, dated 06.02.....

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....r indirectly attempts to indulge or knowingly assists or knowingly is a party or is actually involved in any process or activity connected with the proceeds of crime and projecting it as untainted property shall be guilty of offence of money-laundering. Section 5(5):- "5. The Director or any other officer who provisionally attaches any property under Sub-Section (1) shall, within....

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....etitioners are in possession of proceeds of crime, the complaint has been registered and it is under investigation besides adjudication for attachment. 4.Under these circumstances, it cannot be construed that the Authorities have no power under Section 3 or 5 to proceed against the petitioners or the complaint itself is bereft of material and liable to be quashed. It is for the petitioner....