Concealment of Proceeds of Crime Is an Offence Under PMLA, ED Not Required to Prove Final Destination of Money: Madras High Court

In a significant ruling, the Madurai Bench of the Madras High Court dismissed the discharge petition filed by the accused in a money laundering case under the Prevention of Money Laundering Act, 2002 (PMLA). The petitioners, K.C. Chandran, C. Chandra, and M/s. Deepa Impex India Pvt. Ltd., had sought to be discharged from the criminal case (C.C. No. 11 of 2018), but the Court upheld the dismissal of their discharge…