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2020 (8) TMI 856 - KARNATAKA AT HIGH COURTJurisdiction for initiation of proceedings under the provisions of PML Act - absence of conviction of the offender for the "predicate offence" - Proceeds of crime - HELD THAT:- "Offence of money laundering" is expansively defined u/s. 3 and the Explanation inserted by amendment 2019 to this section & to section 44, being clarificatory of the legal position ab inceptio, applies to the case of the petitioner, contend Mr. Prasanna Kumar & Mr. Jayakar Shetty; they justified this submission through interpretative process - the expansive definition of the "offence of Money-Laundering" as it existed prior to insertion of aforesaid Explanation also covers the case of petitioner; now that, the challenge to the CBI investigation is held to be unsustainable, petitioner's case has been rendered worse; therefore, the submission that the impugned communication is without competence or justification, does not merit acceptance. There are no other ground having been urged and both the writ petitions being devoid of merits, are liable to be dismissed - petition dismissed.
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