Proceeds of crime encompass any property derived from criminal ...

Laundered proceeds from scheduled crimes are criminal property, including foreign assets. Firms prosecutable for money laundering.

October 3, 2024

Case Laws Money Laundering HC

Proceeds of crime encompass any property derived from criminal activity related to scheduled offenses, including property held abroad equivalent to domestic assets. Companies can be prosecuted for money laundering offenses irrespective of individuals' prosecution u/s 70 of PMLA. Provisional attachment orders need not be adjudicated in petitions filed u/s 482 CrPC. Prima facie case established for prosecuting individuals and companies under PMLA. Petitioners must establish defense based on merits and evidence. Petition dismissed.

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Proceeds of crime encompass any property derived from criminal ...

Laundered proceeds from scheduled crimes are criminal property, including foreign assets. Firms prosecutable for money laundering.

October 3, 2024

Case Laws Money Laundering HC

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