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2012 (11) TMI 784 - PUNJAB AND HARYANA HIGH COURTMoney transactions - whether offence under FEMA is made out or not – Held that:- Investigation is still at the initial stage, the FIR cannot be quashed at the threshold - allegations in the FIR itself are to the effect that the petitioner is indulging in hawala money transactions remitting the money from foreign country through illegal channels - Court cannot comment on the merits of the case at this stage without there being any clarification and the evidence on of record - no ground is made out at this stage for quashing of the impugned FIR.
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