Concealment of proceeds of crime is an offence under PMLA: Madras HC

K. C. Chandran Vs Directorate of Enforcement (Madras High Court)

Madras High Court held that since concealment of proceeds of crime is an offence under Prevention of Money Laundering Act, 2002 [PMLA], Enforcement Directorate need not demonstrate where the money eventually went.

Facts- M/s. Deepa Impex India Private Limited was granted lease to quarry minor minerals in Melur in the year 1989. K. C. Chandran and his wife C. Chandra are directors of the said company. They entered into criminal conspiracy and illegally quarried granite stones from the nearby lan

Please become a Premium member. If you are already a Premium member, login here to access the full content.