Home Case Index All Cases Money Laundering Money Laundering + HC Money Laundering - 2021 (2) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2021 (2) TMI 1353 - HC - Money LaunderingMoney Laundering - cheating the complainant - accused entered into an amicable settlement - offences under Sections 419 and 420 r/w 34 IPC - Section 45(1) r/w 3, 4 and 8(5) of the Prevention of Money Laundering Act, 2002 - HELD THAT:- The complete answer to the arguments of the learned counsel for the petitioners is available in the recent amendments to Sections 3 and 44 of the PML Act, vide Act No. 23 of 2019. The amendment clearly states that a prosecution under the PML Act can proceed notwithstanding the result of the prosecution under the predicate offence. That apart, the amendment also clarifies that, the date of commission of the predicate offence is not relevant and that, if a person projects the proceeds of crime as untainted, it is a continuing offence. Hence, the arguments fail. However, the learned counsel for the petitioners prayed that a direction may be issued to the trial Court to complete the trial in a time bound manner. This criminal original petition is dismissed with a direction to the trial Court to complete the trial within a period of six months from the date of receipt of a copy of this order subject to the appearance and cooperation of the petitioners/accused before the trial Court.
|