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2022 (9) TMI 1449 - HC - Money LaunderingMoney Laundering - Criminal Conspiracy - applied for a loan with fake documents - siphoning off of funds - cheating - predicate offence - statutory presumption - HELD THAT:- In Rajendra Singh v. State of U.P. & others [2007 (8) TMI 752 - SUPREME COURT], the Supreme Court has held that the the statements of the witnesses under Section 161 Cr.P.C. being wholly inadmissible in evidence could not at all be taken into consideration. - It was also held that mere fact that trial of co-accused Daya Singh has concluded cannot have the effect of nullifying or making the order passed by the learned Sessions Judge on 26.5.2005 as infructuous. Rajendran [A6] had voluntarily lent his name for the purchase of the property under the sale deed dated 09.09.2009 with the tainted money that was generated by G.Srinivasan [A1] and R.Manoharan [A2] by committing a scheduled offence. Under Section 24 of the PMLA, there is a statutory presumption which can be discharged only during trial. The trial Court shall proceed with the trial of the case without in any manner influenced by what is stated are only for the limited purpose of disposing of this quash petition - Petition dismissed.
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