2023 (2) TMI 1274 - SCH - Money Laundering

Money Laundering - conspiracy - proceeds of crime - GST violation or not - commission of any scheduled offence in terms of the Scheduled Part A B in terms of Section 2(x) of the PMLA 2002 or not - admissible statements under Section 50 of the PMLA 2002 - judicial proceedings within the meaning of Section 193 228 of the Indian Penal Code 1860 or not - it was held by High Court that There is no infirmity in the impugned order dated 03.11.2022 of the learned Trial Court holding that prima facie case is made out against the accused/ petitioner herein of the alleged commission of the offence under Section 3 of the PMLA 2002 punishable under Section 4 of the said enactment - HELD THAT - The case is only at the stage of framing of the charges by the Special Court under the Prevention of Money Laundering Act 2002. No interference needed at this stage - SLP dismissed.

Summary

The Supreme Court dismissed the special leave petition as the case was at the stage of framing charges under the Prevention of Money Laundering Act, 2002. The Court directed the Special Court to follow the law laid down in a specific case.