The Division Bench of the Hon”ble Madras High Court quashed the PMLA prosecution complaint qua Ramesh Pothy in S.C NO 74/2017 on the file of Principal Sessions Judge Chennai in Crl.OP no 2342 of 2022. The Hon’ble Court has held that “ —for mulcting criminal liability u/s 3 and 4 of the PMLA,the prosecution should place materials before the Court to show that the person has not only acquired the property by committing a scheduled offence, but,he should have projected that property as untainted. The petitioner was only a bonafide purchaser of the impugned property from the daughter of D.Sridhar… payment to the mother of Dhanalakshmi Sridhar, which has been reflected in the sale deed itself, cannot amount to an offence u/s 3 r/w 4 of the PMLA.
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