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2021 (1) TMI 1186 - HC - Money LaunderingMoney Laundering - predicate offence - proceeds of crime - Section 43(1) of the Prevention of Money Laundering Act, 2002 - HELD THAT:- Under Section 24 of the PML Act, the burden is on the accused to prove that the proceeds of crime was not involved in money laundering. In this case, M/s. Maze Group of Technology was into finance business which cannot be said to be per se a criminal activity. Even assuming for a moment that they were into a criminal activity and the sum of ₹ 15 lakhs that was given as advance by Manoharan to Kumar Ganesa Perumal was proceeds of crime, the mere fact that Kumar Ganesa Perumal agreed to sell his property to Manoharan, cannot, by itself, bring him into the net of Section 3 of the PML Act without anything more. Petition allowed.
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