scope of the offence of money-laundering
has been widened by virtue of the Prevention of Money-Laundering
(Amendment) Act, 2012 . Section ... scope of the offence of money-laundering
was widened by virtue of the Prevention of Money-Laundering
(Amendment) Act, 2012 and the rigor of Section
taken
cognizance of the complaint of the offence of money laundering under
the Money Laundering Act .
9. Section 44(1) (c) of Money Laundering Act ... offence of money laundering under sub- clause (b) of Section 44(1) of
the Money Laundering Act.
11. It may be noticed that Section
money-laundering and for matters connected
therewith or incidental thereto.
12. From the aforesaid provisions, it is clear that the „ Prevention of
Money-Laundering Act ... Money-laundering‟ and it deals
with confiscation of property derived from or concerned with
„Money-laundering‟ etc. In fact, „The Prevention of Money-
laundering Act
2017 dated 11.02.2017, under Sections 3 &
4 of Prevention of Money Laundering Act, 2002 (herein after
referred to as PMLA).
2. The brief facts ... offences of money laundering as defined under
Section 3 and punishable under Section 4 of Prevention of
Money Laundering Act, 2002 against the petitioners
hereinafter referred to
as „Directorate‟] initiated simultaneous proceeding under Prevention
of Money Laundering Act, 2002 [hereinafter referred to as „PMLA‟]
on 03.03.2017 and registered ECIR ... impugned proceedings initiated
under Section 5 of the Prevention of Money Laundering Act, 2002
emanating out of ECIR/0l/CDZO/2017 dated 03.03.2017; [Copy
money-
CRL.REV. P.1033/2019 Page 4 of 11
laundering.
4. Punishment for money-laundering.-
Whoever commits the offence of money laundering shall ... money-laundering. It
provides complete mechanism for investigation by an independent agency
other than the police, in respect of offences under Prevention of Money
Laundering
statement recorded under Section 50(2) of The Prevention of Money
Laundering Act, 2002.
Learned counsel for petitioner submitted that bare reading of
Section ... Prevention of Money Laundering Act, 2002 reveals
that the proceedings conducted under aforesaid provision are of civil
CRL.M.C. 3945/2019 Page
believe of complicity in money-laundering. But
the properties which were attached are not product of money-
laundering, the enforcement authority concededly having moved
against ... each is sub-served, none defeated.
SANCTIONS AGAINST MONEY-LAUNDERING
49. The malaise of money laundering has been a challenge faced by
various members
questions of law of
general interest involving provisions of Prevention of Money
Laundering Act, 2002 (for short, "PMLA") in the context ... above effect primarily
arise from amendment of the Prevention of Money-Laundering Act,
2002 by the Prevention of Money-Laundering (Amendment) Act,
2005 (Act
M/S Bhandari Engineers & Builders Pvt ... vs M/S Maharia Raj Joint Venture &
