Seeking grant of bail - Money Laundering - remitting of funds ...

Court Questions if Unauthorized Remittance with Forged Documents Qualifies as Proceeds of Crime in Bail Case.

January 17, 2024

Case Laws Money Laundering HC

Seeking grant of bail - Money Laundering - remitting of funds abroad by using forged and fabricated documents - There is no property which is derived or obtained directly or indirectly as a result of criminal activity concerning the scheduled offence which can be regarded as ‘proceeds of crime’. There is legal force in the arguments advanced by the counsel for the petitioner that the unauthorized outward remittance by forged Form 15CB Certificates does not amount to ‘proceeds of crime’ being generated from the scheduled offence i.e. fabrication of Form 15CB Certificates. - HC

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Seeking grant of bail - Money Laundering - remitting of funds ...

Court Questions if Unauthorized Remittance with Forged Documents Qualifies as Proceeds of Crime in Bail Case.

January 17, 2024

Case Laws Money Laundering HC

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