Excelsior Correspondent
JAMMU, Aug 11: High Court has dismissed the petition filed by Irshad Ahmed Sheikh and others challenging the proceedings in trial court in Money Laundering case.
“The offence of money laundering involves the act of indulging in any process or activity connected with the proceeds of crime including its concealment, possession, acquisition or use and projecting or claiming it as untainted property”, Justice Sanjay Dhar said, adding “so far as the offences under ULA(P) Act, for which the petitioners have booked, are concerned, they relate to using of funds of an unlawful association, raising of funds for unlawful association and being a member of a terrorist organization. These offences are clearly distinguishable from the offence under Section 3 of the PMLA”.
“Therefore, by no stretch of imagination, it can be stated that the petitioners have been subjected to double jeopardy by initiating prosecution against them under the provisions of the PMLA”, High Court said.
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