"Therefore, mere possession of proceeds of crime would be sufficient to invoke the provisions of PMLA. Using the proceeds of crime by itself is an offence. Since the scope of Section 3 is wider enough to cover various circumstances in order to curb the economic offences, high court cannot restrict its meaning so as to restrain the authorities from invoking the provisions of PMLA," observed the division bench of Justices SM Subramaniam and AD Maria Clete in an order passed on Friday.
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April timeline for Modi, Yunus meeting likely
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