HC quashes PMLA proceedings filed before CBI as it would lead to abuse of process of Court

Madhu Koneru Vs Director of Enforcement (Telangana High Court) Conclusion:  Since there was no material to proceed against assessee under Sections 3 and 4 of Prevention of Money Laundering Act, 2002 and High Court should quash the proceedings if it came to the conclusion that allowing the proceedings to continue, would be an abuse of the process of the Court and that the ends of justice required that the proceedings be required to be quashed. Held: Assessee who was accused on the file of the Principal Special Judge for C.B.I. Cases-cum-Special Court under the Prevention of Money Laundering Ac...