Supervisory Liability and Layered Transactions under the PMLA: The Punit Garg case
Can participation in corporate financial decision-making and overseas asset management amount to money laundering even without direct ownership of illicit assets? That question arose before the Special Court in Directorate of Enforcement v. Punit Garg1, a bail proceeding emerging from investigations linked to Reliance Communications and its associated entities. The case required the Court to examine the scope of liability […]
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