Money Laundering - illegal mining of granite, causing damages to ...

Court Quashes Complaint Due to Lack of Evidence Linking Properties to Illegal Granite Mining Proceeds.

April 4, 2024

Case Laws Money Laundering HC

Money Laundering - illegal mining of granite, causing damages to human life and properties using explosives - scheduled offences - The High Court clarified that the Prevention of Money Laundering Act (PMLA) is a standalone legislation aimed at addressing money laundering activities, irrespective of the nature of the predicate offense. It affirmed that simultaneous investigation and prosecution under PMLA and the predicate offense are permissible. - The Court concluded that the prosecution failed to establish a direct link between the properties in question and the proceeds of the predicate offense. It found no evidence indicating that the accused persons were in possession or enjoyment of the properties acquired through illegal means. - Consequently, it quashed the complaint against certain accused persons, highlighting the lack of evidence connecting them to the alleged illegal activities.

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Money Laundering - illegal mining of granite, causing damages to ...

Court Quashes Complaint Due to Lack of Evidence Linking Properties to Illegal Granite Mining Proceeds.

April 4, 2024

Case Laws Money Laundering HC

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