The bench stated that the involvement of an individual in any a number of processes or actions associated to the proceeds of crime constitutes the offense of cash laundering. These processes or actions embrace (1) concealing, (2) interfering with, (3) buying or (4) utilizing, (5) presenting as unblemished property, or (6) claiming unblemished property.
The bench famous that the checking account of the petitioner at HDFC Financial institution, Koparkhairane Department, Navi Mumbai, Maharashtra is the ultimate vacation spot the place all of the funds have reached. Navi Mumbai, Maharashtra is due to this fact a spot the place solely one of many six distinct processes or actions listed in part 3 has been carried out. different exercise, i.e. acquisition of the proceeds of crime (if they’re in truth). Transactions have taken place in digital mode with folks transferring cash on-line from totally different components of the nation/world.
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