involved in money laundering, the respondents have referred Sections 22 , 23 and 24 of the Prevention of Money Laundering Act, 2002. While Section 22 presumes ... crime are involved in money laundering.
15. As per the provisions of the Prevention of Money Laundering Act, 2002 , it is for the writ petitioners
powers under Section 50(2) and (3) of the Prevention of Money Laundering Act, 2002 and quash the same ... investigate the offence of money laundering. The main object of "PMLA" is to prevent money laundering and to provide for confiscation of property
petitioner under the
guise of investigation under the Prevention of Money Laundering Act, 2002 .
For Petitioner : Mr.Vikram Chaudhri
Senior Advocate
Assisted by Mr.Stalin ... proceeds of crime
involved in money-laundering, or
(iii) is in possession of any records relating to
money-laundering
Act and
other provisions of PML Act , the money laundering Act has
retrospective effect as well as overriding effect Sec. 71 of
the Act ... Objects and Reasons mentions, to
make money laundering an offence, and to attach property involved in
money laundering, so that this serious threat
Act and
other provisions of PML Act , the money laundering Act has
retrospective effect as well as overriding effect Sec. 71 of
the Act ... Objects and Reasons mentions, to
make money laundering an offence, and to attach property involved in
money laundering, so that this serious threat
Chennai (Special Court Constituted
under Section 43(1) of Prevention of Money Laundering Act, 2002) pending
Page ... Chennai (Special Court Constituted under Section 43(1) of Prevention of
Money Laundering Act, 2002) pending disposal of the above criminal
original petition. To quash
Money
Laundering can be initiated only when an FIR is registered for the
commission of a scheduled offence, the Prevention of Money Laundering Act
does ... into the offence of
money laundering and the same can be established through the prosecution of
the offence of money laundering independent of the predicate offence
happening of the final act of
integration of tainted property in the formal economy to
constitute an act of money-laundering. This is amply clear ... 9663 of 2024
19. Whether mere receipt of bribe money is an act of
money laundering or not is elaborately considered by the
Apex Court
happening of the final act of
integration of tainted property in the formal economy to
constitute an act of money-laundering. This is amply clear ... Whether mere receipt of bribe money is an act of
money laundering or not is elaborately considered by the
Apex Court of India
untainted
property shall be guilty of offence of money laundering”.
31. The expression “money-laundering”, ordinarily, means the process
or activity of placement, layering ... happening
of the final act of integration of tainted property in the formal economy to
constitute an act of money- laundering. This is amply clear
