Petitioners' acts not money laundering; bank fraud or forgery at most.

The High Court determined that the petitioners' actions did not constitute money laundering. It exercised its inherent powers under Section 482 of the CrPC to prevent abuse of process and ensure justice, finding no elements of money laundering present. The petitioners did not possess or control the alleged proceeds of crime, which were transferred directly to landowners' accounts. The act of securing a loan through false documents was deemed forgery or bank fraud, not money laundering. Consequently, the court allowed the quashing of proceedings against the petitioners. .....

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