A Mumbai Special Court on Tuesday gave Clean chit to actor-businessman Sachiin Joshi in money laundering case
A Mumbai Special Court on Tuesday gave Clean chit to actor-businessman Sachiin Joshi in money laundering case
His acquittal comes following the clean chit given to Omkar group promoters Babulal Varma and Kamalkishore Gupta. Based on Apex Court’s July-end ruling, if the offence based on which the money laundering case is registered, is closed, or the accused is discharged or acquitted in it, then proceedings under the Prevention of Money Laundering Act (PMLA) would not stand.
The clean chit is based on this ruling that promoters Babulal Varma and Kamalkishore Gupta of Omkar Group had got a clean chit. The cheating offence based on which the money laundering offence was registered had been closed and a magistrate court had accepted the closure report filed by the police in it.
As per reports it is made known that Business transactions between Sachin Joshi and Omkar group have no nexus with tainted money,…
article-image
After the duo were given clean chits in the case, through his advocate Subhash Jadhav, Joshi whose discharge application had been pending before the court since even before Varma and Gupta had approached it for relief, had added this ground of the SC ruling in his plea.
Special Judge MG Deshpande under the PMLA said in the order of Tuesday thatthere isno predicateoffence (due to closure of case) and, therefore, the moneylaundering case inabsence of predicate offence cannot continue.
News Input K.V.Raman
