The SC dismissed the appellant's appeal against money laundering ...

Money Laundering Under PMLA Deemed a Continuing Offense When Proceeds of Crime Remain Concealed or Projected as Untainted

March 19, 2025

Case Laws     Money Laundering     SC

The SC dismissed the appellant's appeal against money laundering charges under PMLA. The Court rejected the appellant's contention that the alleged acts occurred before PMLA's enactment or before the predicate offences were scheduled. The SC affirmed that money laundering constitutes a continuing offense that persists as long as proceeds of crime are concealed, used, or projected as untainted property. The Court found prima facie evidence of the appellant's continued involvement in financial transactions linked to proceeds of crime over an extended period. Given the severe nature of the economic offenses alleged, the Court determined that a full trial was necessary to establish the extent of wrongdoing and ensure accountability.

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