2G scam: Charge sheet against Raja, Kanimozhi soon

The High Court order, relating to Hari Narain Roy vs Union of India, had stated that any money laundering related offences prior to the date of amendment of PMLA can be prosecuted under the said Act.

This particular deal of Rs 200 crore pertains to January 2008.

The High Court order, according to sources, has “made it clear and straight” for law enforcement agencies like ED to prosecute any act leading to laundering even if they were committed before June 2009 when PMLA was amended and sections 120-B (criminal conspiracy) and 420 (cheating) of IPC were included as scheduled offences.

Section 3 of PMLA states that “whosoever directly or indirectly attempts to indulge or knowingly assists or knowingly is a party or is actually involved in any process or activity connected with the proceeds of crime and projecting it as untainted property shall be guilty of offence of money laundering.”