Nikesh Tarachand Shah vs Union Of India on 23 November, 2017
“3. Offence of money laundering.—Whosoever directly or
indirectly attempts to indulge or knowingly assists or
knowingly is a party or is actually involved in any process or
1Nikesh Tarachand Shah v. Union of India, (2018) 11 SCC 1
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Crl.A.No.401 of 2022
activity connected with the proceeds of crime including its
concealment, possession, acquisition or use and projecting
or claiming it as untainted property shall be guilty of offence
of money laundering.