2022 (11) TMI 1423 - SCH - Money Laundering

Money Laundering - predicate Offence - Sections 406, 420, 468 471 and 506 of IPC - HELD THAT - In the given circumstances, at least there cannot be any prosecution against the present petitioner under Sections 3 and 4 of PMLA Act. Issue notice, returnable on 9th January, 2023.

Summary

The Supreme Court of India issued an order in a case where the petitioner is not accused in the offense registered under Sections 406, 420, 468, 471, and 506 of IPC. The court directed that there should be no prosecution against the petitioner under Sections 3 and 4 of the PMLA Act. Notice is issued, returnable on 9th January 2023, and further proceedings, including prosecution, are stayed until further orders.