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2017 (9) TMI 1606 - HC - Money LaunderingOffence under Sections 3 and 4 of the Prevention of Money Laundering Act, 2002 - Held that:- The illegal activities committed by the persons in the helm of affairs cannot be attributed to the petitioner company, more particularly the allegation of forgery as all those illegalities were committed by them behind the back and without the involvement of the petitioner company. Thus, if the allegations made are taken at their face value and accepted in their entirety, they do not prima facie constitute any offence or make out a case against the petitioner company. The petitioners cannot be proceeded against under sections 3 and 4 of the Act 2002. The trial Court has failed to consider all these legal aspects and therefore, the order impugned is liable to be set aside.
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