The Orissa High Court in a recent case considering the bail application of an accused company director observed that the offence of money laundering is nothing but an act of financial terrorism that poses a serious threat not only to the financial system of the country, but also to the integrity and sovereignty of a nation and the ultimate aim of such perpetrators of economic crime is to siphon off the funds collected from the public.The Orissa High Court in a recent case considering the bail application of an accused company director observed that the offence of money laundering is nothing but an act of financial terrorism that poses a serious threat not only to the financial system of the country, but also to the integrity and sovereignty of a nation and the ultimate aim of such perpetrators of economic crime is to siphon off the funds collected from the public.taxmann.com Latest ArticlesRead More
