The High Court dismissed the writ petition challenging the ...

Money laundering probe under PMLA allowed despite closure of some FIRs.

Case Laws Money Laundering

September 7, 2024

The High Court dismissed the writ petition challenging the Enforcement Case Information Report (ECIR) filed by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act (PMLA), 2002. The court held that the definition of 'money laundering' u/s 3 of the PMLA is wide and expansive, covering not only direct involvement but also assistance or being a party to the process connected with proceeds of crime. Even if some FIRs are quashed or closed, the investigation under the same ECIR can continue as per Explanation II to Section 44. The ED, as an investigating agency, can proceed with the investigation initiated through the ECIR filed in 2022, despite the closure of certain FIRs. The court found no merit in the writ petition and dismissed it.

View Source

← Previous Next →

The High Court dismissed the writ petition challenging the ...

Money laundering probe under PMLA allowed despite closure of some FIRs.

Case Laws Money Laundering

September 7, 2024

You may also like:

Scheduled offence is a prerequisite for initiating proceedings under the Prevention of Money Laundering Act (PMLA). The offence of money laundering u/s 3 of PMLA...

The court held that the competent authorities under the Prevention of Money Laundering Act (PMLA) cannot be restrained from exercising their statutory powers, even if...

Reporting Entity under Prevention of Money Laundering Act, 2002 (PMLA)

Petition u/s 227 of Criminal Procedure Code for discharge dismissed. Allegations in complaint constitute offence of money laundering u/s 3 of PMLA. Prosecution of...

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...

Seeking grant of anticipatory bail - Money Laundering - The allegations against the applicant, as CEO of a company, included signing agreements facilitating fund...

Money laundering - The quashing of FIR of regular case automatically created a situation that the offences, stated and alleged in the FIR has no existence; thus the...

Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards/Combating the Financing of Terrorism (CFT) Obligation of Authorised Persons under Prevention of...

Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards / Combating the Financing of Terrorism (CFT) Obligation of Authorised Persons under Prevention of...

The High Court dismissed the petitions seeking to quash the criminal complaint under the Prevention of Money-Laundering Act, 2002 (PMLA). The petitioners argued that the...

Money laundering case involving proceeds of crime from scheduled offence of conspiracy to siphon crores of rupees deposited by innocent bank depositors. Key points:...

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

Legality of Bail granted - Money Laundering - The delay in completing the investigation by the CBI, Delhi cannot be a ground to presume that accused is not guilty of...

Money Laundering - seeking grant of bail - offence of fraud and forgery of valuable securities, etc. - twin conditions u/s 45 of PMLA satisfied or not - The High Court...

The court rejected the bail application u/s 45 of the PMLA, finding reasonable grounds to believe the applicant was involved in money laundering related to proceeds from...

Quick Updates: