Section 50 of Prevention of Money Laundering Act, 2002 held ...

Sec 50 PMLA upheld, not violating Art 14, 20, 21 & Sec 132 Evidence Act. Accused admitted paying crores for favors, is money laundering.

Case Laws Money Laundering

July 24, 2024

Section 50 of Prevention of Money Laundering Act, 2002 held constitutional and not violative of Articles 14, 20, and 21 of Constitution of India and Section 132 of Indian Evidence Act, 1872. During investigation by Enforcement Directorate, accused admitted paying crores of rupees for obtaining illegal favors from government servants, constituting money laundering offence u/s 3 of PMLA. Supreme Court's decision in Vijay Madanlal Choudhary case upheld, stating Article 20(3) applies only when accused is compelled to witness against himself. Petitioners, though witnesses in scheduled offences, became accused in PMLA case based on their statements. Proceedings under scheduled offences and PMLA separate and distinct. Summoning petitioners justified to unearth money trail. Petitions dismissed.

View Source

← Previous Next →

Section 50 of Prevention of Money Laundering Act, 2002 held ...

Sec 50 PMLA upheld, not violating Art 14, 20, 21 & Sec 132 Evidence Act. Accused admitted paying crores for favors, is money laundering.

Case Laws Money Laundering

July 24, 2024

You may also like:

The Supreme Court held that the dispensation regarding Prevention of Money Laundering, Attachment of Proceeds of Crime, and Inquiry/Investigation of offence of Money...

This case deals with the admissibility of statements made u/s 50 of the Prevention of Money Laundering Act (PMLA) when the accused is in judicial custody in another case...

HC considered a case u/s 50 of Black Money Act for non-disclosure of foreign assets and false statements by petitioners, office bearers of British Companies. Act...

CIRP process - Permission sought from this Bench for carrying out the assessment proceedings for the assessment years A.Y. 2013-14 to A.Y. 2019-20 - the prayer of the...

Offences u/s 132 and 135 - power of Collector of Customs - Section 3 of the Antiquities and Art Treasures Act, 1972. - Prosecution under Sections 132 and 135(1)(a) of...

Assessment u/s 153A - Authorisation and assessment in case of search or requisition - Constitutional validity of Section 292CC - As however a fact that the CIT(A) and...

Import policy - Import of items under the Exim Codes 6802 10 00, 6802 21 10, 6802 21 20, 6802 21 90, 6802 91 00 and 6802 92 00 of Chapter 68 of ITC(HS) is permitted...

Validity of conviction made - conviction based solely on the purported confessional statement recorded under Section 67 of the NDPS Act - evidentiary value present or...

Advance tax payment obligation does not apply when assessee claims agricultural land sale proceeds are exempt u/s 2(14). CIT(Appeals) should admit appeal for...

Contravention of sections 18(2) and 18(3) read with section 64(2) of FERA, 1973 established. Company failed to recover export dues without RBI permission or extension....

Money laundering - provisional attachment orders - Non-obstante clause in the IBC and PMLA - overriding effect - the power to attach under the PMLA would not fall within...

Classification of goods - rate of GST - Dry Powders containing Protein Powder with Vitamins & Minerals - Sub-heading nos. 3004 50 10 and 3004 50 20 cover “Haematinic and...

Government again Appeals to the Bank Employees not to join the Strike on February 20-21, 2013

Validity of Section 31-A of the NDPS Act - mandatory death penalty for drug offences - violative of Articles 14 and 21 of the Constitution of India or not - HC

Reopening of assessment u/s 147 was challenged due to lack of material relating to alleged wrongful IGST refunds for assessment year 2020-21. Disallowable expenditure...

Quick Updates: