Petition for Discharge Dismissed: Shareholder Must Face Money Laundering Charges Under PMLA Due to Sufficient Evidence.

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....Petition u/s 227 of Criminal Procedure Code for discharge dismissed. Allegations in complaint constitute offence of money laundering u/s 3 of PMLA. Prosecution of shareholders permissible if evidence links them to commission of crime. Section 3 covers indirect attempts, assistance or involvement in money laundering. Mere concealment, possession or use sufficient for prosecution. Direct link unnecessary, indirect involvement and connecting link suffice. Discharge u/s 227 in PMLA cases differs from general criminal cases. Material evidence against petitioner regarding consent as major shareholder for borrowing, offering collateral security to be proved at trial. Section 70 of PMLA on presumption of culpable mental state to be read with Sectio.........