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2015 (8) TMI 1439 - HC - Money LaunderingMaintainability of petition - Jurisdiction of respondent to issue summons - Prevention of Money-Laundering Act, 2002 - Held that: - The appellant has no case that the respondent is not a statutory authority conferred with the power of investigation under the provisions of Prevention of Money-Laundering Act, 2002. His only objection is that the facts of the case would not attract the provisions of Prevention of Money-Laundering Act as it stood originally. The matter involves a core question as to whether the relevant date is the date of acquisition of illicit money or the date on which such money is being processed for projecting it untainted. The question cannot be decided merely on the basis of the affidavit filed by the appellant. The respondent should be permitted to conduct investigation to arrive at a definite finding. The jurisdiction in a case of this nature is a mixed question of law and fact and the same cannot be decided on the basis of half baked materials produced by the appellant. Petition dismissed being not maintainable.
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