https://www.taxtmi.com/caselaws?id=188596 Money-laundering under the Prevention of Money-Laundering Act requires a prima facie scheduled offence, property derived from that criminal activity, and projection of that property as untainted. Where the prosecution cannot satisfactorily establish the scheduled offence said to have generated the funds, foreign bank accounts and large transactions alone do not prove proceeds of crime. The burden-shifting provision does not remove the prosecution's foundational duty to show a specific scheduled offence and a traceable nexus with the alleged funds. On the facts described, the material was insufficient to sustain the money-laundering case, and bail was granted because continued detention was not justified on unparticularised allegations. en-us Fri, 12 Aug 2011 00:00:00 +0530 Wed, 07 Dec 2016 15:36:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188596 Money-laundering under the Prevention of Money-Laundering Act requires a prima facie scheduled offence, property derived from that criminal activity, and projection of that property as untainted. Where the prosecution cannot satisfactorily establish the scheduled offence said to have generated the funds, foreign bank accounts and large transactions alone do not prove proceeds of crime. The burden-shifting provision does not remove the prosecution's foundational duty to show a specific scheduled offence and a traceable nexus with the alleged funds. On the facts described, the material was insufficient to sustain the money-laundering case, and bail was granted because continued detention was not justified on unparticularised allegations. Case-Laws Money Laundering Fri, 12 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188596