Petitioner
Vs.
1. The Joint Director, Directorate of Enforcement,
(Prevention of Money Laundering Act & FEMA),
Government of India, Ministry of Finance,
Department of Revenue ... part of which represents money genuinely borrowed from a financial institution. The Prevention of Money Laundering Act, 2002 , completely ignores the fate of such persons
attachment of properties under Section 5(1) of the Prevention of
Money Laundering Act, 2002 (hereinafter referred to ‘PMLA’) and
subsequent filing of complaints under ... concerned while taking action for provisional attachment of
property involved in money laundering, ought to have reason to
believe and the same ought
read with Sections 70 and 8 (5) of the Prevention of Money-
Laundering Act, 2002, on the file of the respondent ... offence of money-laundering is
concerned, it commences from commission of crime and end with laundering the
illicit money by layering and moving it into
read with Sections 70 and 8 (5) of the Prevention of Money-
Laundering Act, 2002, on the file of the respondent ... offence of money-laundering is
concerned, it commences from commission of crime and end with laundering the
illicit money by layering and moving it into
judis.nic.in
2
constituted for the Prevention of Money Laundering Act (PMLA), namely, the
Principal Sessions Court, for being tried along with ... Special Court under Section 43(1) of the Prevention of
Money Laundering Act. He would submit that the provisions of Section
legitimizing the illicit and tainted money and committed an
offence of International Trade Based Money Laundering.
(vi) Further investigation had revealed that the India-based ... money or possession
of foreign money would attract the provisions of Foreign Exchange
Management Act, 1999 and not the provisions of Prevention of Money
Laundering
Chair person Adjudicating Authority, the first respondent under the Prevention of Money Laundering Act, 2002 and quash the same.
For Petitioners : Mr.V.S. Venkatesh ... filed by the second respondent under the Prevention of Money Laundering Act, 2002 .
2. The brief facts leading to file these petitions are as follows
reveal that the petitioner, being a
money lender, had abetted Shri Dinesh Chand Surana in exercise of money
laundering.
xvi) Though the petitioner has been ... investigation and he had been concealing the money trail in the offence of
money laundering. The arrest of the petitioner was under Section
properties should
not be declared to be the properties involved in money-laundering and
confiscated by the Central Government:
Provided that where a notice under ... notice issued under sub-section (1) are involved in
money-laundering:
Provided that if the property is claimed by a person, other than a
person
criminal complaint under Section
45(1) of the Prevention of Money-Laundering Act, 2002 [in short, ''the PMLA ... Madurai as Special Court for PMLA cases. The offence of money laundering is a
process or activity, which spans over period of time. It does
