Money Laundering - proceeds of crime - attachments of the ...

Court Orders Return of Seized Assets After Delay in Money Laundering Proceedings Exceeds 365-Day Limit.

February 3, 2024

Case Laws Money Laundering HC

Money Laundering - proceeds of crime - attachments of the property - investigation for a period beyond three hundred and sixty five days not resulting in any proceedings - The High Court mandates the return of documents and properties seized from the petitioner, as no proceeding related to an offense under the Act involving the petitioner or the seized items was initiated within 365 days as required by Section 8(3)(a) of the Prevention of Money Laundering Act.

View Source

← Previous Next →

Money Laundering - proceeds of crime - attachments of the ...

Court Orders Return of Seized Assets After Delay in Money Laundering Proceedings Exceeds 365-Day Limit.

February 3, 2024

Case Laws Money Laundering HC

You may also like:

The High Court considered an application for compounding contravention under FEMA. The petitioner filed Form FC-TRS belatedly, leading to investigations and complaints....

The High Court dismissed the criminal revision petition filed by the petitioners challenging the order rejecting their discharge petition in a money laundering case. The...

The High Court addressed the validity of a seizure order u/s 67(2) of the CGST Act, focusing on whether the term "things" includes cash/currency seized during search and...

Grant of bail - money laundering - proceeds of crime - The court noted substantial evidence indicating that Satyendar Kumar Jain conceptualized and orchestrated the...

The High Court rejected the condonation of delay in filing income tax returns, as the returns were handled by a Chartered Accountant who could not take timely steps due...

Money Laundering - proceeds of crime - Provisional attachment of properties - Interest of Depositors - The High court recognized the primary aim of the APPDFE Act to...

In a money laundering case involving a predicate offence related to an illegal kidney transplantation racket and offences under the Indian Penal Code and Transplantation...

The petitioner sought to restrain criminal proceedings for money laundering. Citing a Supreme Court case, it was held that money laundering can be a continuing offence...

Seeking grant of bail - Money Laundering - The Court observed that the applicant held directorial positions in companies allegedly involved in fraudulent activities. The...

The High Court held that the Income Tax authorities have the power to seek interim custody of currency notes seized and produced before the jurisdictional magistrate or...

The Appellate Tribunal ruled on the validity of proceedings u/s Prevention of Money Laundering Act, 2002 without a scheduled offence. It held that without a scheduled...

Proposed amendment enables recovery of existing liabilities under Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 from seized assets...

The High Court addressed a case concerning a delay in filing the return u/s 119 (2) (b) which sought condonation for a 15-day delay. The court acknowledged the authority...

The court dismissed the third bail application filed u/s 439 of the Code of Criminal Procedure, 1973, in a case involving money laundering and illegal extortion on coal...

Validity of order of lower court for release of goods / return of goods to the accused - Smuggling - yellow coloured metallic bars believed to be gold of Foreign origin...

Quick Updates: