Prevention of Money Laundering Act, 2002
Section 3—Offence of money-laundering—Petition to quash complaint filed by Directorate of Enforcement—Where the FIR in respect of the predicate offence is quashed on the basis of amicable settlement, there can be no offence of money laundering against the accused—FIR has been quashed by the High Court and it has not been challenged till date, there can be no offence of money laundering under Section 3 of the PML Act against the petitioners—Complaint and proceedings arising therefrom are quashed—Petition allowed.
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