Liability of Partners for Proceeds of Crime: Joint and Several Liability in Partnership Firm Under Scrutiny.

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....Money Laundering - proceeds of crime were allegedly generated in a partnership firm - if the proceeds of the crime have emerged or flowed from the business of the firm, then, prima facie, all partners may have joint and several liabilities. Of course, this is an issue which requires detailed deliberation on facts as well as on law. - HC....