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2022 (8) TMI 169 - HC - Money LaunderingPermission to petitioner to travel abroad - validity of look out circular issued against the petitioner - criminal case registered against one Mr.Sri Krishna, the brother of petitioner under the provisions of PML Act and also for the offences punishable under Sections 120B, 384, 419, 420 and 471 of IPC - allegations against the brother of the petitioner are that he is involved in hacking of crypto exchanges and poker website in India as well as overseas from the year 2013 till this date - HELD THAT:- LOC could be issued wherein the departure of a person from India, if it appears to such authority based on inputs received that departure of such person is detrimental to the sovereignty or security or integrity of India or that the same is detrimental to the bilateral relations with any country or to the stranger and/or economic interests of India and for the reasons stated therein. LOC against the petitioner is issued on the ground that if he is permitted to leave India, it would affect the economic interest of India. The e-mails of the petitioner which is reproduced in the statement of objections of the respondents reveals that petitioner is intending to take permanent Dutch residence and Dutch citizenship. Therefore, respondents are right in apprehending that petitioner may not be available for further investigation of crime registered against brother of the petitioner. The apprehension of the respondents that the petitioner being brother of Mr.Sri Krishna might have involved in acquiring the proceeds of crime at this stage is to be respected, since the investigation is still under progress - In the instant case, investigation of money laundering against brother of the petitioner is in progress and also investigation with regard to role of petitioner along with his brother in money laundering is also being investigated. Further, the apprehension of respondents that petitioner may settle down at Netherlands and he may not be available for further investigation has to be respected in view of extract of e-mails reproduced in their statement of objections. There are no merits in the petition - petition dismissed.
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