2017
punishable under Sections 3 and 4 of the Prevention of Money-Laundering
Act, 2002.
3. Grievance of the appellant is that against the impugned ... investigation allegedly showing the trail of money in the
name of companies and the money-laundering.
14. The appellant was interrogated by the respondent
constitutional validity of Section 45 of the Prevention of
Money Laundering Act, 2002. Section 45(1) imposes two
conditions for grant of bail where ... money and that we should, therefore,
be very slow to set at liberty persons who are alleged offenders
of the cancer of money laundering. Ultimately
concerning validity and
interpretation of certain provisions of the Prevention of Money-
Laundering Act, 20021 and the procedure followed by the
1 For short, “PMLA ... PMLA,
the accused can either directly or indirectly commit money-
laundering if he is connected by way of any process or activity with
the proceeds
Reason:
Sections 3 & 4 of the Prevention of MoneyLaundering Act,
2
2002 (hereinafter referred to as “the Act of 2002”). The said
ECIR ... Sessions
Judge, Saket, New Delhi (Designated Court under the
Prevention of Money Laundering Act, 2002 ) on 2 nd August,
2017.
11. Before this supplementary complaint
similar provision as contained in
Section 45 of the Prevention of Money Laundering Act, 2002 has been held
to be unconstitutional by holding that ... NDPS Act is contained in
Section 45 of Prevention of Money Laundering Act, 2002. The relevant
part of the same is reproduced hereinbelow
MANOJ KUMAR, ASSISTANT DIRECTOR,
EASTERN REGION, DIRECTORATE OF
ENFORCEMENT (PREVENTION OF MONEY
LAUNDERING ACT) GOVT. OF INDIA … RESPONDENT ... have been committed under Section 3 of the Prevention of Money
Laundering Act, 2002, (hereinafter referred to as "PMLA").
3. The appellant
crypto assets, raise concerns of
consumer protection, market integrity and money
laundering, among others.
Reserve Bank has repeatedly cautioned users, holders
and traders of virtual ... initiative of G-7 to develop policies to combat money laundering, came
up with what came to be known as “New Payment Products and
Services
MANOJ KUMAR, ASSISTANT DIRECTOR,
EASTERN REGION, DIRECTORATE OF
ENFORCEMENT (PREVENTION OF MONEY
LAUNDERING ACT) GOVT. OF INDIA … RESPONDENT(S)
JUDGMENT
Pinaki Chandra Ghose ... have
been committed under Section 3 of the Prevention of Money
Laundering Act, 2002, (hereinafter referred to as "PMLA").
Signature Not Verified
Petitioner was produced before the
Special Court for Prevention of Money-Laundering at Mumbai at
about 16:30 hours i.e. beyond the period ... family members had
generated huge illicit funds, which were money laundered during the
period from 2006 to till date. The specific allegations against
Road,
Chennai-600 006.
3.The Chairperson,
Adjudicating Authority,
Prevention of Money Laundering,
4th Floor, Room No.17,
Jeevan Deep Building,
Parliament Street,
New Delhi ... plain term means - preventing legitimization of money earned through illegal and criminal activities. Such actions of money laundering would wreck the economy of the nation
