Prevention Of Money Laundering Act-2002 (PMLA-2002)
PRESUMPTION
The "Presumption" enjoyed by PMLA-2002 U/S 23 is clearly rebuttable . The term presumption may be defined to be an inference,affirmative or dis affirmative of the truth of false hood of a something proved or taken for granted.The presumption be inferred from oral,documents or through other evidences.
To invoke the presumption U/S 23 of PMLA-2002 insisting inter connected transactions are to be proved and to be involved in money laundering.
In the case of
Rama Raju S/O Ramalingaraju -Vs- UOI (Sathyam Computer Scam), 2012 1 MLJ 419.
The court held that "Certain Facts Proved"in relation to other facts Presumed or inferred.
U/S 24 of PMLA-2002 a presumption may be raised by the authorities or the court against any person charged with the offence of PMLA-2002.
