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PMLA - Highlights / Catch Notes

Home Highlights January 2025 Year 2025 This

The HC held that exercising its inherent powers u/s 482 CrPC to ...


Petitioners' acts not money laundering; bank fraud or forgery at most.

January 9, 2025

Case Laws     Money Laundering     HC

The HC held that exercising its inherent powers u/s 482 CrPC to prevent abuse of process and secure ends of justice, none of the ingredients for money laundering offense existed against petitioners. Petitioners never possessed or controlled alleged proceeds of crime transferred directly to land owners' accounts. Securing loan fraudulently by submitting false documents at most constituted forgery or bank fraud, not money laundering. Petitioners' act of mortgaging property to bank for securing loan could not be termed money laundering. Petition allowed quashing proceedings against petitioners.

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