https://www.taxtmi.com/caselaws?id=193634 Money-laundering proceedings under the PMLA require proceeds of crime arising from a scheduled offence, and the penal regime cannot operate retrospectively. The Delhi High Court noted that the alleged transactions pre-dated the inclusion of the relevant offences in the PMLA schedule, so Article 20(1) barred ex post facto liability and the proceedings could not rest on that basis. It further noted that the predicate FIR had been closed or quashed qua the petitioner, leaving no surviving scheduled offence on the existing record. On that footing, the ECIR and consequential proceedings were quashed qua the petitioner, while liberty was preserved for fresh action if future lawful investigation establishes money-laundering. en-us Thu, 09 Apr 2015 00:00:00 +0530 Thu, 10 Aug 2017 06:37:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193634 Money-laundering proceedings under the PMLA require proceeds of crime arising from a scheduled offence, and the penal regime cannot operate retrospectively. The Delhi High Court noted that the alleged transactions pre-dated the inclusion of the relevant offences in the PMLA schedule, so Article 20(1) barred ex post facto liability and the proceedings could not rest on that basis. It further noted that the predicate FIR had been closed or quashed qua the petitioner, leaving no surviving scheduled offence on the existing record. On that footing, the ECIR and consequential proceedings were quashed qua the petitioner, while liberty was preserved for fresh action if future lawful investigation establishes money-laundering. Case-Laws Money Laundering Thu, 09 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193634