December 8, 2022


NEW DELHI: Centre on Wednesday informed the Supreme Court docket that cash laundering is a premeditated offence that must be considered critically as a result of it poses a severe menace to the monetary well being of the nation.
Solicitor Basic Tushar Mehta, showing for the Centre, stated that cash laundering is a premeditated offence, which by no means takes place within the warmth of the second.
He additional added that financial offences having deep-rooted conspiracies and involving big lack of public funds should be considered critically as they pose a severe menace to the monetary well being of the nation.
SG Mehta additionally identified cash laundering offences often happen throughout borders and talked about the existence of sure tax-haven nations the place the offender can simply preserve their illicit cash.
His submission got here earlier than the bench of Justices A M Khanwilkar, Justices Dinesh Maheshwari and C T Ravikumar listening to a batch of petitions difficult sure provisions of the Prevention of Cash Laundering Act (PMLA).
SG Mehta was justifying the constitutional validity of the provisions of the Prevention of Cash Laundering Act (PMLA).
The matter will likely be continued to listen to tomorrow (on Thursday).



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