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2015 (4) TMI 1232 - HC - Money LaunderingJurisdiction to issue summons in connection with the investigation being conducted under the provisions of Money Laundering Act, 2002 - validity of summons issued by the respondent. Held that: - The reasons for introducing Money Laundering Act is that the money laundering causes serious threat not only to the financial systems of the country, but also their integrity and sovereignty and the object of the Act is to prevent money laundering and provide for confiscation of property, derived from income involved in money laundering or materials connected or incidental thereto. Any statement obtained from the petitioner does not infringe the constitutional guarantee of protection against self-incrimination under Article 20(3) of the Constitution of India - It cannot be said that the respondent lacks jurisdiction to issue summons or has no authority of law to issue summons for the purpose of aiding investigation under the provisions of Money Laundering Act. Petition dismissed.
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