Judgments - Money Laundering
Allahabad High Court (Single Judge)
Smt. Nandani Ramchandani And Ors. Vs. The State Of U.P And Ors.
Section 3 of PML Act clearly speaks that whosoever directly or indirectly attempts to indulge or knowingly assists or knowingly is a party or is actually involved in any process or activity connected with the proceeds of the crime and projecting it as untainted property shall be guilty of the offences of money laundering. Therefore, it is crystal clear that the person who acquired the proceeds of crime is being helped by anybody directly or indirectly knowingly to convert that Full Judgment
Supreme Court of India (Division Bench (DB)- Two Judge)