Money Laundering - predicate/scheduled offence - proceeds of ...

Case Laws Money Laundering

February 23, 2024

Money Laundering - predicate/scheduled offence - proceeds of crime - purchase of papers of Rajasthan Eligibility Examination for Teachers, 2021 (REET, 2021) and its further distribution - As far as applicability of proviso appended to Section 45 (1) of the PMLA is concerned, the above facts clearly show that the amount recovered from the above persons as proceeds of crime is more than Rs. 1 Crore, therefore, the case of the present petitioner does not fall within the ambit of proviso appended to Section 45 (1) of PMLA. - Bail application rejected by the High Court.

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Money Laundering - predicate/scheduled offence - proceeds of ...

Case Laws Money Laundering

February 23, 2024

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