Madras HC: To Invoke PMLA, Mere Possession of Proceeds of Crime Sufficient - 09.10.2024

Mad HC has held that mere possession of proceeds of crime would be sufficient to invoke provisions of PMLA. Using proceeds of crime by itself is an offence. Since scope of Section 3 is wide enough, HC cannot restrict its meaning so as to restrain the Authorities from invoking the provisions of PMLA.

Tags : Madras High Court Proceeds of Crime PMLA

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