Petition Dismissed: Money Laundering Liability Under Sections 3 and 4 PMLA Stands Despite Omission from Final Report

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....The HC dismissed the petition seeking exoneration from money laundering charges under Sections 3 and 4 of the PMLA, despite the petitioner's name being omitted from the final report on the scheduled offence. The court held that involvement in money laundering encompasses any direct or indirect participation in concealment, possession, acquisition, or use of proceeds of crime, independent of involvement in the predicate offence generating such proceeds. Reliance on precedent establishing discharge or acquittal in the scheduled offence does not preclude prosecution under the PMLA if there is separate evidence of laundering activities. Therefore, omission from the final report on the original offence does not bar prosecution if the petitioner .........