https://www.taxtmi.com/caselaws?id=252302 Attachment under the Prevention of Money Laundering Act, 2002 cannot survive where the scheduled offence on which it is founded ends in acquittal, because proceeds of crime presuppose criminal activity relating to that scheduled offence. The article notes that the later amendment to section 8 did not preserve attachment once the foundational offence disappeared, so the challenge to continued attachment was treated as sustainable. It also states that, in light of the acquittal, the respondent should independently consider the petitioner's representation and not be guided by pending proceedings before the Appellate Tribunal, with a fresh decision required within four weeks. en-us Fri, 19 Sep 2014 00:00:00 +0530 Wed, 23 Nov 2016 15:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252302 Attachment under the Prevention of Money Laundering Act, 2002 cannot survive where the scheduled offence on which it is founded ends in acquittal, because proceeds of crime presuppose criminal activity relating to that scheduled offence. The article notes that the later amendment to section 8 did not preserve attachment once the foundational offence disappeared, so the challenge to continued attachment was treated as sustainable. It also states that, in light of the acquittal, the respondent should independently consider the petitioner's representation and not be guided by pending proceedings before the Appellate Tribunal, with a fresh decision required within four weeks. Case-Laws Money Laundering Fri, 19 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252302