Tag: Prevention of Money Laundering Act (PMLA)

Probe Agency Links Assets Worth Rs 4 Crore To Chinese Man In Money Laundering Case

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Probe Agency Links Assets Worth Rs 4 Crore To Chinese Man In Money Laundering Case

The agency alleged that the accused opened multiple paper companies with “puppet directors.” (File) New Delhi: The Enforcement Directorate (ED) on Tuesday said it has attached fresh assets worth Rs 4 crore as part of a money laundering investigation against a Chinese national staying “illegally” in India and his associate. It said the Chinese national’s…

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Can’t Invoke Anti-Money Laundering Act Unless…: Supreme Court’s Big Ruling

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Can’t Invoke Anti-Money Laundering Act Unless…: Supreme Court’s Big Ruling

Section 120B of IPC provides for punishment for a criminal conspiracy. New Delhi: The Supreme Court has dismissed a petition seeking review of its verdict which held that a person cannot be booked under the Prevention of Money Laundering Act (PMLA) by invoking Section 120B of the IPC if the alleged criminal conspiracy was not…

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